Stamp Duty Calculator
How much tax will you have to pay when buying a property in the UK?
I am a first-time buyerProperty is a buy to let or second home
Based on a property / land value of , there will be Stamp Duty due.
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| Band | Rate | Due |
|---|---|---|
| Up to £125,000 | 0% | £0 |
| Above £125,000 to £250,000 | 2% | |
| Above £250,000 to £925,000 | 5% | |
| Above £925,000 to £1,500,000 | 10% | |
| Above £1,500,000 | 12% | |
| Total | {{model.effective}}% | Stamp Duty due |
| Band | Rate | Due |
|---|---|---|
| Up to £300,000 | 0% | |
| Above £300,000.01 to £500,000 | 5% | |
| Total | {{model.effective}}% | Stamp Duty due |
*Properties under £40,000 are not subject to second home SDLT
*Updated March 16th 2016
What is Stamp Duty and how is it calculated?
'Stamp Duty Land Tax' (SDLT) is a tax due when buying property and land in England, Northern Ireland and Wales if the property is over £125,000 (separate Land and Buildings Transaction Tax in Scotland). This tax is also applicable to overseas buyers.
Since 4th December 2014, you only pay the rate of tax on the part of the property price within each tax band.
From April 2016, an additional 3% stamp duty must be paid on second homes and buy-to-let properties.
Price brackets for taxation are outlined below:
| Brackets | Standard rate | Buy-to-let/second home rate |
|---|---|---|
| Up to £125,000 | 0% | 3% |
| £125,001 - £250,000 | 2% | 5% |
| £250,001 - £925,000 | 5% | 8% |
| £925,001 - £1.5m | 10% | 13% |
| over £1.5m | 12% | 15% |
How do I pay Stamp Duty?
Typically, your Solicitor will assist you with Stamp Duty payments.
How to calculate the new Stamp Duty rate?
Our calculator above calculates the exact amount of stamp duty you will need to pay on your property and even shows you how it’s been calculated.
When is Stamp Duty paid?
Stamp duty must be paid to the HMRC within 30 days of the date of completion or you may risk a fine. Your solicitor or legal adviser should take care of this for you and ensure you don't miss the deadline.
Will Stamp Duty change?
Stamp duty laws have been known to change every few years. Always check with your agent before you buy and ensure you know the latest legislation.