Stamp Duty Calculator

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland. The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.

You pay the tax when you:

  • Buy a freehold property
  • Buy a new or existing leasehold property
  • Buy a property through a shared ownership scheme
  • Are transferred land or property in exchange for payment e.g. you take on a mortgage or buy a share in a house

You pay Stamp Duty on increasing portions of the property price above £125,000. Unless you are a first time buyer, then Stamp Duty is waivered for a purchase of up to £300,000.

Property or lease premium or transfer value SDLT rate
Up to £125,000 (excluding purchases below £40,000)  
The next £125,000 (the portion from £125,001 to £250,000)      2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million)       10%
The remaining amount (the portion above £1.5 million) 12%

For Example:

If you buy a house for £275,000, the SDLT you owe is calculated as follows:

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the final £25,000 = £1,250
  • Total SDLT payable = £3,750

SDLT calculator

To work out how much Stamp Duty you will have to pay, click here which will take you to the Gov.uk website.

Higher rates for additional properties

From 1 April 2016, you’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.

Use the SDLT calculator to work out how much tax you’ll pay.

Are you considering selling a property? Contact one of our 9 local branches to book a free valuation.

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