When you buy a residential property in England, Wales and Northern Ireland which is greater than £125,000 then a Stamp Duty Tax levy is applicable. The tax applies to houses, flats, land and other buildings and the amount you have to pay is based on the property’s value at the time of purchase. Stamp Duty Land Tax no longer applies in Scotland. Instead you pay Land and Buildings Transaction Tax.
Our stamp duty calculator will help you find out how much you will need to pay when purchasing your new property. Simply enter the purchase price, select a rate and click calculate.
| Price Brackets | Standard Rate | Buy to Let Rate | Second Home Rate |
|---|---|---|---|
| Up to £125,000 | 0% | 3% | 3% |
| £125,001 - £250,000 | 2% | 5% | 5% |
| £250,001 - £925,000 | 5% | 8% | 8% |
| £925,001 - £1.5m | 10% | 13% | 13% |
| over £1.5m | 12% | 15% | 15% |
You can claim a discount (relief) so you don’t pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.
You’re eligible if:
If the price is over £500,000, you follow the rules for people who’ve bought a home before.
Source: HMRC
Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual Stamp Duty Land Tax that must be paid on completion.
