Stamp Duty Calculator
Stamp Duty is a Tax that you have to pay if you buy a property worth £125,000 or more. The amount you pay depends on the purchase price. The calculation is based on a percentage of varying portions of the purchase price as below: First time buyers are exempt from the duty of any purchase up to the value of £300,000 and liable to 5% of the portion above up to the value of £500,000
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £125,000 | Zero |
| 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% |
Example
If you buy a property for £275,000, the SDLT you owe is calculated as follows:
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the final £25,000 = £1,250
- Total SDLT = £3,750
