Using the form below you can calculate how much stamp duty you will have to pay on the purchase of your new home, just enter the value of the property and then click on the Calculate button.
Stamp Duty Land Tax is a tax payable on all property like houses, flats, other buildings and land with a purchase price of over £125,000.
The amount you will have to pay is based upon the selling price of your home. Currently the scale charges are as follows:
|Property or lease premium or transfer value||SDLT rate|
|Up to £125,000||Zero|
|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%|
First time buyers of a residential property didn’t need to claim DAR before 25th March 2012 as they could already claim Stamp Duty and Land Tax relief on purchases up to £250,000 – including in disadvantaged areas. However, First time buyers can’t claim the SDLT relief on mixed-use properties and should in that case claim DAR if available.
To make life easier for first time buyers, many home buildiers like Bloor have schemes in place where they will pay the Stamp Duty on a property for the buyers – for more infomation please see the individual builders websites for information on the Stamp Duty Schemes.
In addition to the above figures, there is also legislation in place where property over £2 million can be charged Stamp Duty of 15% when it is purchased by certain persons, including corporate bodies from 21st March 2012.
NB – these figures are set by the Government, and are subject to change and the calculator at the top of the page doesn’t work for Disadvantaged Area’s or Higher Rate Stamp Duty Calculations. If you need to know the Stamp Duty for properties in those bands, please talk to your professional advisor.