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

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.

feefo

"Our experience with John German Estate Agents was a very positive one, after quite a long time between selling and completing (no fault of John German's I have to say) we finally moved in December, and we have to say all credit to a lovely young lady called Lauren. She has been amazing, she's very professional and kept us in touch all the time. she even rang me on her day off to congratulate us on our move, she's a great asset to John German and we will without doubt have no problem in recommending this company to anyone (we already have done)."
Mr & Mrs Beale - Happy Clients

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Since 1840 John German Estate Agents have been providing people across the Midlands with a professional, efficient and friendly way to buy, sell, let and rent their properties. We continue to build upon an excellent reputation by carefully blending traditional values and local knowledge with 21st century technology.

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