Stamp Duty Land Tax (SDLT) is the tax charged by the Government on a home buyer when you buy a home in England and Wales. The tax payable depends on the property's value and whether or not you own a second home or not.
NB The calculator also factors in First Time Buyer stamp duty relief for England (no equivalent for purchases in Wales, which has a different regulator, The Welsh Treasury - click to use our
Welsh Stamp Duty Calculator
*Fixed Fee – No Sale No Fee – On all Mortgage Lender Panels
How much is stamp duty?
In England and Wales, stamp duty rates are paid on the part of the property price within each tax band.
| Purchase Price |
New stamp duty rates paid on the part of the
property price within each tax band
|
0 - £125,000
|
Zero |
£125,001 to £250,000
|
2%
|
£250,001 to £925,000
|
5%
|
£925,001 to £1.5 million
|
10%
|
| More than £1.5 million |
12% |
Example 1: I don't own another property and am buying for £505,000. How much stamp duty do I pay?
-
Nothing on the first £125,000
- 2 % of the value from £125,001 - £250,000 = £2,500
- 5% of the value from £250,001 - £505,000 = £12,750
- Total Stamp Duty payable = £15,250
