Stamp Duty Calculator
For the residential stamp duty calculator
Click hereOn 4th of December 2014, stamp duty on property purchases was reformed by the Government. The stamp duty calculations are now worked out in increments of your purchase price, rather than the previous calculations which was a percentage of the overall purchase price.
Please note that since April 2016, a 3% SDLT surcharge has applied to purchases of buy to let property and second homes.
First time buyers have beneficial rates when purchasing under £500,000. You can find out more on the HMRC website.
We do advise to seek advice from HMRC websites and solicitors to confirm your individual circumstances, when calculating any stamp duty you may need to pay. Below we have also shown the stamp duty guide to assist you with your calculations.
| 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% |
Example
If you buy a property for £500,000, the SDLT you owe is calculated as follows:
| 0% on the first £125,000 | = £0 |
| 2% on the next £125,000 | = £2,500 |
| 5% on the final £250,000 | = £12,500 |
| Total SDLT | = £15,000 |
