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Stamp Duty Land Tax

In the UK when you buy a property you have to pay a certain amount in stamp duty. The way in which stamp duty is calculated works a little like income tax meaning that you pay the rate of tax on the part of the purchase price within each stamp duty tax band.

Investors

As of April 1st 2016 the stamp duty levels increased for investors purchasing buy-to-let property and other second properties, such as holiday homes, in which owners do not intend to live full-time.  Here are some examples:

Property ValueCurrent RateNew RateIncrease
£150,000£500£5,000£4,500
£250,000£2,500£10,000£7,500
£350,000£7,500£18,000£10,500
£450,000£12,500£26,000£13,500

Stamp Duty Calculator

This calculator provides a guide to the amount of stamp duty you may pay and does not guarantee this will be the actual cost. These calculations are based on the Stamp Duty Land Tax Rates as of April 1st 2016.

Find out more on Stamp Duty

Stamp duty tax bands - main residence

PURCHASE PRICE UNDER £125,000

No stamp duty is charged on properties under £125,000.

PURCHASE PRICE BETWEEN £125,001 AND £250,000

Buyers don’t pay stamp duty on the first £125,000, however they pay 2% on the remainder of the property price.

PURCHASE PRICE BETWEEN £250,001 AND £925,000

Buyers don’t pay stamp duty on the first £125,000; they pay 2% on the portion of the price between £125,001 and £250,000; then they pay 5% on the portion of the price over £250,001.

PURCHASE PRICE OVER £925,000

Buyers don’t pay stamp duty on the first £125,000; they pay 2% on the portion of the price between £125,001 and £250,000; then they pay 5% on the portion of the price between £250,001 and £925,000; 10% on the portion between £925,001 and £1.5 million; and 12% on the portion over £1.5 million.

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