Stamp Duty Calculator
Calculator Disclaimer
This calculator can be used to indicate stamp duty liability for residential property purchases in England & Northern Ireland. The results do not constitute advice or are seen as a quotation under the Consumer Credit Act. If you are buying property or land in Scotland or Wales, the Stamp Duty Land Tax (SDLT) is called Buildings Transaction Tax (LBTT in Scotland) and Land Transaction Tax (LTT in Wales), and the tax amount payable may differ in those regions.
| Tax band | % | Taxable Sum | Tax |
|---|---|---|---|
| £0 - £250,000 | 2% | £0 | £0.00 |
| £250,000-£925,000 | 4% | £0 | £0.00 |
| £925,000 - £1,500,000 | 7% | £0 | £0.00 |
| £1,500,000+ | 12% | £0 | £0.00 |
| £1,500,000 + | 14% | £0 | £0.00 |
What is Stamp Duty Land Tax (SDLT)?
Stamp Duty Land Tax (SDLT) is a tax to be paid to the government when you purchase a new residential property or piece of land. The amount of tax you pay is based on the value of the property you’re buying above a tax-free threshold.
If you’re only buying a portion of the property i.e., shared ownership, you will be only required to pay stamp duty tax on the percentage of the property you own, not the rest.
When do you pay Stamp Duty Land Tax (SDLT)?
Stamp duty is paid on the completion of your mortgage. It is handled by your solicitor handling your conveyancing. You normally must send the full stamp duty amount, your deposit, and your legal fees. It is possible to add the tax amount to your mortgage loan (meaning you don’t pay out of your own pocket), but only if the maximum affordable amount you can borrow from the lender is enough to cover the required loan amount, plus arrangement fees, plus the stamp duty amount. E.g., Maximum affordable mortgage amount > actual mortgage amount + lenders arrangement fees + Stamp duty tax amount.
SDLT is payable within 14 days of completing your sale but most solicitors will pay it immediately after purchase completion.