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Calculate stamp duty (SDLT) in England and Northern Ireland with our instant stamp duty calculator.
The stamp duty calculators give an indication of stamp duty liability for freehold residential property purchased in England & Northern Ireland.
Calculate how much stamp duty you will pay:
1. Select "First Time Buyer", "Moving Home", "Additional Property".
2. Enter purchase price.
3. Click "Calculate" button for instant stamp duty calculations.
What is stamp duty?
Stamp duty land tax (SDLT) is a progressive tax paid when purchasing a freehold, leasehold or shared ownership residential property over £125,000 in England and Northern Ireland (separate taxes apply in Wales and Scotland).
The rates, which are payable only on the portion of a property price that falls within each band, were updated in the mini budget on 23 September 2022 (valid until 31 March 2025) and are set out below.
How much is stamp duty?
|
Brackets |
Rate |
|
Up to £125,000 |
0% |
|
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% |
How is stamp duty calculated?
Here is an example of how stamp duty is calculated.
Let’s say, the property purchase price is £850,000. In this case, no stamp duty tax applies to the first £125,000 of this amount.
The amount above the initial £125,000 up to £250,000 has a stamp duty tax of 2%, this equates to £2,500.
The amount above £250,000 up to the value of £850,000 has a stamp duty tax of 5%, this equates to £30,000.
So, in total this equates to an overall rate of 3.824% of the sale price or £32,500.
Do first-time buyers pay stamp duty?
Yes, first-time property buyers are subject to stamp duty tax but the rates differ. First-time buyers don’t pay any stamp duty on the first £300,000 and the value of the property on which they can claim this relief is up to £500,000.
Are there any other stamp duty exemptions?
From October 2024, buy-to-let and second home buyers in England and Wales pay an additional 5% on each stamp duty band.
Please note: this calculator is for general interest only and doesn’t constitute advice. It may not be complete or up to date and relates only to certain types of residential property in England or Northern Ireland. Always take tailored advice from your property lawyers, accountants, or other financial advisers on tax issues.