Calculate your Stamp Duty Land Tax (SDLT) quickly and easily with our free calculator.
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you buy a residential property or land in England and Northern Ireland. Scotland and Wales have their own versions of the tax.
The amount of Stamp Duty you pay depends on:
Property 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% |
You can claim a discount (relief) if the property you buy is your first home.
You’re eligible if you and anyone else you’re buying with are first-time buyers.
You’ll pay:
If the price is over £500,000, you cannot claim the relief. Follow the rules for people who’ve bought a home before.
Example
You are a first-time buyer and purchase a property for £500,000. The SDLT you owe will be calculated as:
You’ll usually have to pay 5% on top of SDLT rates if buying a new residential property means you’ll own more than one.
If you’re replacing your main residenceYou will not pay the extra 5% SDLT if both of the following apply:the property you’re buying is replacing your main residenceyour previous main residence was sold within 36 months of completing your new purchaseIf you have not sold your main residence on the day you complete your new purchase, you’ll have to pay higher rates. This is because you own 2 properties.
You must pay Stamp Duty within 14 days of completing the purchase of your property. Your solicitor will usually handle this payment for you.
Our mortgage advisers can help you understand your Stamp Duty obligations and find the best mortgage solution for your needs.