STAMP DUTY CALCULATOR

Estimate how much stamp duty you need to pay on your investment property today using IP Global’s UK stamp duty calculator.

A stamp duty calculator, helps property investors estimate their stamp duty costs (property purchase tax) based on the property's price and location, including variations for different regions. By providing upfront cost estimates, it enables better financial planning and budgeting for investors, allowing them to manage their investment portfolios more effectively.

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Stamp Duty Due: Band Rate Amount Total Up to
Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes.

STAMP DUTY CHANGES IN 2024

The following are the stamp duty changes in the UK in 2024:

1. Increase to the nil-rate threshold: The nil-rate threshold for stamp duty land tax 2024 (SDLT) has been temporarily increased from £125,000 to £250,000 for residential properties purchased up to 31 March 2025. This means that buyers will pay no stamp duty on the first £250,000 of the purchase price.

2. Increase to the first-time buyer's relief threshold: The first-time buyer's relief threshold has also been temporarily increased from £300,000 to £425,000 for residential properties purchased up to 31 March 2025. This means that first-time buyers will pay no stamp duty on the first £425,000 of the purchase price of their first home.

3. Increase to the maximum property value eligible for first-time buyer's relief: The maximum property value that is eligible for first-time buyer's relief has been temporarily increased from £500,000 to £625,000. This means that first-time buyers can now purchase a property worth up to £625,000 and still be eligible for first-time buyer's relief.

Investor Guide UK iPad

Our UK Investor Guide covers all the necessary legal and tax matters as well as the relevant acquisition and operating costs that come with buying property in the UK. Furthermore, you can expect guidance on the process of arranging mortgage finance as well as key information on lettings and management.

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FREQUENTLY ASKED QUESTIONS ABOUT STAMP DUTY LAND TAX UK 2024

Stamp Duty Land Tax (SDLT) is a progressive tax paid when purchasing leasehold, freehold, or shared ownership real estate over £250,000 in England, Northern Ireland, and Wales. In Scotland it is called Land and Buildings Transaction Tax (LBTT).
Everyone who purchases a property in the UK whether residential or non-residential, pays stamp duty land tax. This includes corporate bodies, overseas citizens, and non-natural persons.
The UK government has not announced any plans for another stamp duty holiday in 2024. The current stamp duty holiday, which was announced in February 2023, is due to expire on 31 March 2025.

It is possible that the government could extend the stamp duty holiday beyond March 2025, but this would depend on a number of factors, such as the state of the economy and the property market.

In the meantime, buyers can still benefit from the current stamp duty relief measures, which include an increase to the nil-rate threshold and the first-time buyer's relief threshold.
Stamp duty is payable to HM Revenue & Customs (HMRC) 14 days from the date of completion or late penalties apply. At IP Global, your solicitor will take care of this and make sure the deadline isn’t missed.
Stamp duty tax is only payable on your property’s permanent building fixtures. This means that removable fixtures and fittings such as fridges, sofas, freestanding wardrobes, curtains, and carpets are not subject to the SDLT tax. You can therefore subtract these items from the total property price. Use our stamp duty land tax calculator 2024 to help you find out know how much SDLT is payable on your property.

STAMP DUTY LAND TAX UK 2024 - FIRST TIME BUYERS

DO FIRST-TIME BUYERS HAVE TO PAY STAMP DUTY IN THE UK?

First-time buyers in the UK do not have to pay stamp duty on the first £425,000 of the purchase price of their first home. This is a relief that was introduced in July 2020 to help first-time buyers get onto the property ladder.

CAN YOU GET A STAMP DUTY REBATE IN THE UK?

Yes, you can get a stamp duty rebate in the UK if you meet certain criteria. Here are some examples:

First-time buyer relief: First-time buyers are eligible for a stamp duty rebate on the first £425,000 of the purchase price of their first home.

Multiple dwellings relief: If you are buying a property to live in while you renovate your main home, you may be eligible for a stamp duty rebate on the second property.

Disabled relative relief: If you are buying a property for your disabled child or dependent relative, you may be eligible for a stamp duty rebate.

Overpaid stamp duty: If you have overpaid stamp duty, you may be able to claim a rebate.

To claim a stamp duty rebate, you will need to fill out a form and submit it to the HM Revenue and Customs (HMRC). You can find the form on the HMRC website.

Disclaimer: This information is for reference only. Our stamp duty calculator has been designed to give a useful general indication of costs. Calculation results are approximations and for information purposes only and rates quoted are not considered as rate guarantees.

STAMP DUTY LAND TAX CALCULATOR 2024 FOR SCOTLAND & WALES

WHAT IS LBTT IN SCOTLAND?

LBTT stands for Land and Buildings Transaction Tax. It is a tax that is payable on the purchase of residential and non-residential property in Scotland. LBTT was introduced on 1 April 2015, replacing Stamp Duty Land Tax (SDLT).

The rates of LBTT vary depending on the type of property being purchased and the purchase price. For example, first-time buyers are eligible for a relief on LBTT on the first £175,000 of the purchase price of their first home.

The following table shows the LBTT rates for residential property in Scotland:

LBTT for First Time Buyers

Purchase price LBTT Rate
£0 - £175,000 No LBTT
£175,001 - £250,000 2%
£250,001 - £325,000 5%
£325,001 - £750,000 10%
Over £750,000 12%

LBTT for Single Homes

Purchase price LBTT Rate
£0 - £145,000 No LBTT
£145,001 - £250,000 2%
£250,001 - £325,000 5%
£325,001 - £750,000 10%
Over £750,000 12%

LBTT For Second Homes

Purchase price LBTT Rate
£0 - £145,000 6%
£145,000 - £250,000 8%
£250,001 - £325,000 11%
£325,001 - £750,000 16%
Over £750,000 18%

HOW DO YOU CALCULATE THE AMOUNT OF LBTT TO PAY?

To calculate the amount of LBTT you owe on a residential property in Scotland, simply multiply the LBTT rate for the relevant price band by the purchase price of the property. For example, if you are buying a residential property for £300,000, you will pay 6% LBTT on the first £145,000 of the purchase price (£8,700), 8% LBTT on the next £105,000 (£8,400), and 11% LBTT on the remaining £50,000 (£5,500), for a total LBTT bill of £22,600.

ARE THERE EXCEPTIONS TO PAYING LBTT?

There are a few exceptions to the LBTT rates for residential property. For example, if you are buying a residential property to live in while you renovate your main home, you may be eligible for a reduced rate of LBTT. You may also be eligible for a reduced rate of LBTT if you are buying a residential property for your disabled child or dependent relative.

DOES THIS STAMP DUTY CALCULATOR WORK FOR WALES TOO?

Wales doesn't have a "stamp duty calculator" in the same sense as England and Northern Ireland. While they all have taxes on property purchases, Wales uses a different system called Land Transaction Tax (LTT) instead of Stamp Duty Land Tax (SDLT).

Therefore, Wales doesn't use "stamp duty calculators" and instead relies on Land Transaction Tax calculators specifically designed for their tax system. These calculators consider the unique LTT rates and thresholds, providing accurate estimations for property tax in Wales.

STAMP DUTY LAND TAX UK 2024 - SECOND HOMES

WHAT IS THE STAMP DUTY ON A SECOND HOME IN THE UK?

The stamp duty on a second home in the UK is higher than the stamp duty on a first home. This is because the government wants to discourage people from buying multiple homes, which can drive up the price of housing and make it more difficult for first-time buyers to get onto the property ladder. It still follows a tiered approach, where the initial portion of your property value incurs a lower rate. As you progress to higher tiers, the corresponding charges on those segments increase accordingly.

The stamp duty rates for First-Time Buyers are as follows:

Purchase Price Stamp Duty Rate
£0 - £425,000 Zero
£425,001 - £625,000 5%

*If the price is over £625,000, follow the rules 'For Single Home'.

The stamp duty rates for Single Homes (Moving House) are as follows:

Purchase Price Stamp Duty Rate
Up to £250,000 Zero
£250,001 - £925,000 5%
£925,001 - £1.5 million 10%
Over £1.5 million 12%

The stamp duty rates for second homes (additional properties) are as follows:

Purchase Price Stamp Duty Rate
Up to £250,000 3%
£250,001 - £925,000 8%
£925,001 - £1.5 million 13%
Over £1.5 million 15%

HOW CAN I USE THE STAMP DUTY CALCULATOR 2024 TO TOTAL THE COSTS OF STAMP DUTY TO PAY FOR A SECOND HOME?

To calculate the amount of stamp duty you owe on a second home, simply multiply the stamp duty rate for the relevant price band by the purchase price of the property. For example, if you are buying a second home for £300,000, you will pay 3% stamp duty on the first £250,000 of the purchase price (£7,500) and 8% stamp duty on the remaining £50,000 (£4,000), for a total stamp duty bill of £11,500. You can use our stamp duty calculator 2024 to help you to make this calculation on your property.

ARE THERE ANY EXCEPTIONS TO HIGHER STAMP DUTY RATES FOR SECOND HOMES?

There are a few exceptions to the higher stamp duty rates for second homes. For example, if you are buying a second home to live in while you renovate your main home, you may be eligible for a reduced rate of stamp duty. You may also be eligible for a reduced rate of stamp duty if you are buying a second home for your disabled child or dependent relative.

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