Your trusted property experts

Stamp Duty Calculator

Share

Use this Stamp Duty calculator to work out the level of stamp duty land tax (SDLT) on your proposed purchase. This cost cannot be added to your mortgage, so you’ll need to factor it into your overall costs of buying your home.

Stamp duty

Mortgage Quotes

Who Pays Stamp Duty?

Most homeowners are required to pay stamp duty when buying a house. This applies to most people buying a property over £125,001. However, first time buyers buying a property under £300,000 will be exempt from stamp duty tax.

So, if you’re buying a property that’s £500,000, you only pay stamp duty on the remaining £200,000.

How Is It Calculated?

SDLT is calculated based on the value of the land and property based on each tax bracket. It applies to both freehold and leasehold properties.

How Much Will It Cost?

The tax is charged on a tiered basis.

The price you pay depends entirely on your individual circumstances and the property itself. Here’s a rough guide to how it works and how much you’ll be paying.

  • £125,001-£250,000 = 2%
  • £250,001 – £925,000 = 5%
  • £925,001 – £1,500,000 = 10%
  • Over £1,500,000 = 12%

This gives you some indication of where you stand. So, for example, if you bought a home for £500,000, you would pay £15,000 in stamp duty.

Other Rules

There are some rules that are important to be aware of, including:

  • Buy to let properties may be subject to higher SDLT
  • In the case of joint ownership, if only one is a first-time buyer, you will pay full tax
  • Applies to all residential properties (flats, houses etc.)
  • There are different rules in Scotland
  • Applies to properties bought through the shared ownership scheme
  • You won’t pay the tax on fixtures and fittings or other removable items
  • Even if you don’t intend to live in the property, you still need to pay the tax

How to Pay Stamp Duty Land Tax

You must send a SDLT return to the HMRC within 14 days.

Need Another Service?

At Move iQ, it’s our mission to ensure you have everything you need in one place.

Mortgages

We can connect you with professional mortgage brokers in a matter of seconds. Simply enter your details and we’ll help you find the right people for the job. Get free mortgage quotes below.

Mortgage Quotes

Removals

Using a professional removals service provides peace of mind and ensures your possessions are covered by your insurance provider. Get removals quotes online in a matter of seconds by filling in our free form!

Removal Quotes

Solicitors

Enlisting the help of a licensed, reliable solicitor can help guide you through the difficult process of buying a house. They will take on a number of different roles, including the exchange of contracts and dealing with the seller’s solicitor.

While you’re not obligated to get one, it is recommended, as buying a property can be fraught with difficulty sometimes.

We can connect you with the right people that make a difference. Get free conveyancing quotes below.

Find a Solicitor

Find More Property Advice

We share Phil Spencer’s expert advice and guidance to help you with every step of your property process. From the rules and regulations to the paperwork you’ll need to fill out, we’ve got you covered with our top tips.

House hunting to exchanging contracts, we’ve got a guide to help you.

Why not subscribe to our YouTube channel so you don’t miss any of the latest updates?

Subscribe to our YouTube Channel