Stamp Duty Calculator
What is Stamp Duty?
Stamp Duty Land Tax (SDLT) is a tax paid when buying a property or land in England or Northern Ireland.
Stamp Duty Land Tax is payable to HMRC when you:
- buy a freehold property
- buy a new or existing leasehold
- buy a property through a shared ownership scheme
- are transferred land or property in exchange for payment
A different type of tax is payable in Scotland called the Land and Buildings Transaction Tax. In Wales a Land Transaction Tax is payable.
This page is for guidance only, visit https://www.gov.uk/stamp-duty-land-tax for full information on SDLT.
Why pay Stamp Duty and when?
It is a legal requirement to pay SDLT when acquiring a residential property. This generates revenue for HMRC to pay for public services and infrastructure. The payment of the due sum is usually handled by your solicitor or licenced conveyancer and must be paid within 14 days of the completion of the purchase.
What are the SDLT thresholds?
Buying a property for less than the threshold means there is no SDLT to pay.
The current thresholds are:
- £250,000 for residential properties
- £425,000 for first-time buyers buying a residential property worth £625,000 or less
- £150,000 for non-residential land and properties
Stamp Duty Rates
Different rates of SDLT apply as follows:
- you are a replacing a primary residence
- you are a first-time buyer
- you are buying a second home or a buy-to-let investment
- you are not a UK resident
Stamp Duty for Buyers Replacing a Primary Residence
Effective from 23rd September 2022:
|
Property Value (£) |
Stamp Duty Rate |
|
Up to £250,000 |
0% |
|
£250,001 - £925,000 (The next £675,000) |
5% |
|
£925,001 - £1,500,000 (The next £575,000) |
10% |
|
£1,500,000 + |
12% |
Example for an £800,000 purchase
|
First £250,000 |
Zero |
|
Balance to £800,000 (5% of £550,000) |
£27,500 |
|
Total Payable |
£27,500 |
Example for a £2,000,000 purchase:
|
First £250,000 |
Zero |
|
Next £675,000 (5%) |
£33,750 |
|
Next £575,000 (10%) |
£57,500 |
|
Balance of £500,000 |
£60,000 |
|
Total payable |
£151,250 |
Stamp Duty relief for First-Time Buyers
Effective from 23rd September 2022.
|
Property Value (£) |
Stamp Duty Rate |
|
Up to £425,000 |
0% |
|
£425,001 - £625,000 |
5% |
|
If the price is over £625,000, you cannot claim the relief. |
Stamp Duty for Second Home Buyers or Buy-To-Let Landlords:
Effective from 23rd September 2022:
|
Property Value (£) |
Stamp Duty Rate |
|
Up to £250,000 |
3% |
|
£250,001 - £925,000 |
8% on this portion |
|
£925,001 - £1,500,000 |
13% on this portion |
|
£1,500,000 + |
15% on this portion |
Stamp Duty for Non-UK Residents
If you’re not present in the UK for at least 183 days (6 months) during the 12 months before your purchase you are ‘not a UK resident’ for the purposes of SDLT. You’ll usually pay a 2% surcharge if you’re buying a residential property as a primary residence in England or Northern Ireland.
Effective from 23rd September 2022:
|
Property Value (£) |
Stamp Duty Rate |
|
Up to £250,000 |
2% |
|
£250,001 - £925,000 |
7% on this portion |
|
£925,001 - £1,500,000 |
12% on this portion |
|
£1,500,000 + |
14% on this portion |
For full information on SDLT visit https://www.gov.uk/stamp-duty-land-tax
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