STAMP DUTY CALCULATOR

Stamp Duty Land Tax (SDLT) is a tax paid when you buy property or land over a certain value in England and Northern Ireland. The Land and Buildings Transaction Tax replaced Stamp Duty in Scotland on April 1, 2015 and is calculated at a different rate. Please note that Stamp Duty Land Tax is also calculated differently in Wales.

In England for residential properties costing up to £125,000, no stamp duty will be payable. For non-residential land and properties up to £150,000, no stamp duty will be paid.

For first time buyers, no stamp duty will be payable for residential properties costing up to £300,000. First time buyers purchasing property for more than £500,000 will not be entitled to any relief and will pay the SDLT at the normal rates.

In Scotland Land and Buildings Transaction Tax is payable please visit the link below to calculate your payment:-

https://www.gov.scot/policies/taxes/land-and-buildings-transaction-tax

In Wales Land Transaction Tax is payable please visit the link below to calculate your payment:-

https://gov.wales/land-transaction-tax-calculator

For second homes such as rental or holiday homes, a higher rate of SDLT is applicable. To ensure this is taken into account, please tick the box on the right-hand side of the calculator below.

This calculator is a guide only and as Stamp Duty can vary in different areas, we recommend you consult your solicitor to confirm the exact payment required, prior to committing to purchase.

For any help on stamp duty, please contact one of our Mortgage Advisers on 01270 620555 for more information.

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