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Stamp Duty Land Tax Calculator

Stamp duty information when buying property

The tax is paid to the government within 14 days of completion of the sale via an SDLT return to HMRC. If you have a solicitor, estate agent or conveyancer, they’ll usually file your return and pay the tax on your behalf on the day of completion and add the amount to their fees. They’ll also claim any relief you’re eligible for, such as if you’re a first-time buyer. You can also file the return and pay the tax yourself if you wish to do so. 

On 8th July 2020 the Government announed a stamp duty holiday to support the economy through the COVID-19 crisis. This holiday lasts until 31st March 2021.

How much will you pay?

Property or lease premium or transfer valueSDLT
Up to £500,0000%
The next £425,000 (the amount from £500,001 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 million12%

 

Cost
Stamp Duty

This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased after 22 November 2017 to 7 July 2020 then from 8 July 2020 until 31 March 2021. For more information on Stamp Duty Land Tax, click here.