Stamp Duty Calculator

This calculator is only intended to provide a guide and advice should be sought before making any financial decisions.


Band

Normal Rate

Additional Property

Less than £125k

0%

3%*

£125k to £250k

2%

5%

£250k to £925k

5%

8%

£925k to £1.5m

10%

13%

rest over 1.5 m

12%

15%

For a single property purchase, no SDLT will be paid on the first £125,000. Between £125,000 and £250,000 buyers will pay 2% within this band, 5% on the portion between £250,000 and £925,000, 10% within the next band up to £1.5 million and 12% over that.

For additional property, such as buy to let or second homes, there is now a 3% surcharge applied to all bands.

Higher rate for corporate bodies

SDLT is charged at 15 per cent on interests in residential dwellings costing more than £500,000 purchased by certain non-natural persons. This broadly includes bodies corporate, for example companies, collective investment schemes and all partnerships with one or more members who are either a body corporate or a collective investment scheme. There are exclusions for companies acting in their capacity as trustees for a settlement and property developers who meet certain conditions.
If you exchanged contracts before the higher rate charge came into force on 21 March 2012, the 5 per cent rate will apply. This only applies where the contract is unconditional and unaltered on or after 21 March 2012.

Properties bought in a disadvantaged area

If the property is in an area designated by the government as 'disadvantaged' a higher threshold of £150,000 applies for residential properties.

Following the Budget announcement on 22nd November if you're a first time buyer:

  • You will no longer pay Stamp Duty on the first £300,000 on property purchases valued up to £500,000.
  • Between £300,000 and £500,000 the standard rate of 5% will apply.
  • If your property purchase is over £500,000 this exemption will not apply and you will pay the standard rates of Stamp Duty.