Stamp Duty Calculator

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How much stamp duty do I pay?

Homebuyers purchasing properties valued under £250,000 are exempt from stamp duty. For first-time buyers, this exemption extends up to £425,000. The stamp duty rates are as follows:

  • £0 to £250,000 (or £425,000 for first-time buyers): 0%
  • £250,001 to £925,000: 5%
  • £925,001 to £1.5 million: 10%
  • Above £1.5 million: 12%

If you already own a residential property worth £40,000 or more and acquire an additional property (or a share in one), an extra 3% stamp duty applies on top of these rates.

Calculate your Stamp Duty

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What is stamp duty?

The Stamp Duty Land Tax (SDLT) is a crucial cost associated with purchasing property in the UK. This tax is calculated based on the property’s purchase price, with rates ranging from 0% to 12%. Consider factoring in SDLT fees when budgeting for your property purchase, as they can accumulate quickly. However, exemptions to SDLT, such as first-time buyers on properties under £500,000, may apply. Familiarising yourself with SDLT and its impact on your purchase will allow you to plan accordingly and avoid unexpected expenses.

How much is stamp duty?

Brackets Rate
Up to £250,000 0%
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 £250,000 of this amount.

The amount above the initial £250,000 has a stamp duty tax of 5%.

So, in total this equates to an overall rate of 3.5% of the sale price or £30,000.