Stamp Duty Calculator
Stamp Duty Land Tax (SDLT) – What You Need to Know
If you’re buying residential property or land in England or Northern Ireland, you’ll likely need to pay Stamp Duty Land Tax (SDLT). This applies to property purchases over £125,000. The total amount owed depends on several factors, including the property’s value, your status as a buyer (e.g., first-time buyer, purchasing an additional property), and residency.
The current SDLT bands and rates are as follows:
Purchasing a main residence
|
Property purchase price band (£) |
Rate (%) |
|---|---|
|
Up to £125,000 |
0% |
|
Between £125,001 and £250,000 |
2% |
|
Between £250,001 and £925,000 |
5% |
|
Between £925,001 and £1.5 million |
10% |
|
Over £1.5 million |
12% |
Purchasing additional property
If you already own another property (such as a second home or a buy-to-let investment), a 5% surcharge is applied on top of the standard rates:
|
Property purchase price band (£) |
Rate (%) |
|---|---|
|
Up to £125,000 |
5% |
|
Between £125,001 and £250,000 |
7% |
|
Between £250,001 and £925,000 |
10% |
|
Between £925,001 and £1.5 million |
15% |
|
Over £1.5 million |
17% |
What is the Stamp Duty rate for first-time homeowners?
If you are a first-time buyer purchasing a property up to £500,000, you may qualify for a discount:
First Time Buyers
|
Property purchase price band (£) |
Rate (%) |
|---|---|
|
Up to £300,000 |
0% |
|
Between £300,001 and £5000,000 |
5% (on the portion above £300,000) |
Non-UK Residents
A 2% surcharge applies to non-UK residents purchasing residential property in England or Northern Ireland, in addition to the standard SDLT rates (and any surcharges, such as for additional properties).
Need Help Calculating Your SDLT?
Use our easy Stamp Duty calculator to estimate how much you might owe, or speak with our team for tailored advice on your property purchase.