Stamp duty calculator
Stamp Duty Land Tax (SDLT) is paid when you buy a property in the UK (over a certain price). Several factors are taken into consideration when calculating SDLT, including the purchase price of the property, whether the property is residential and if the buyer is a corporate body. Don’t forget that SDLT may also be due if you lease a property as well, so do check all the latest guidelines with your estate agent.
To summarise, for residential properties SDLT is calculated as follows, so you pay:
- nothing on the first £125,000 of the property price
- 2% on the next £125,000
- 5% on the next £675,000
- 10% on the next £575,000
- 12% on the rest (above £1.5 million)
Use our handy Stamp Duty calculator below to find out how much you will need to set aside as part of your house buying financial planning.