STAMP DUTY CALCULATOR

Estimate how much stamp duty you need to pay on your investment property today.

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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.

WHAT IS STAMP DUTY LAND TAX?

Stamp Duty Land Tax (SDLT) is a progressive tax paid when purchasing leasehold, freehold or shared ownership real estate over £125,000 in England, Northern Ireland and Wales. In Scotland it is called Land and Buildings Transaction Tax (LBTT).

WHO PAYS STAMP DUTY?

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.

WHEN IS STAMP DUTY PAID?

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.

HOW DO I REDUCE STAMP DUTY TAX?

Stamp duty tax is only payable on your property’s permanent building fixtures. This means that if you have removable fixtures and fittings such as fridges, sofas, freestanding wardrobes, curtains and carpets they are not subject to the SDLT tax. You can therefore subtract these items from the total property price.

For more information, or to find out about our investment opportunities benefiting from a significant stamp duty saving, contact us now.

STAMP DUTY CHANGES IN 2021

The announcement was made on the 3rd of March 2021 in the Budget address to extend the stamp duty holiday adopting a phasing out approach with periodic surcharges until the stamp duty is back to original rates by October 2021. 

The stamp duty holiday stipulates that first-time buyers will pay zero stamp duty up to the value of GBP500,000. The threshold for zero stamp duty will be reduced to GBP250,000 from July 1st and reach pre-holiday rates at the original GBP125,000 threshold by October 1st. However, buy-to-let and second home buyers receive a 3% surcharge and thus the calculations for stamp duty payable based on property value bands can be further explained in the table below.

Buy to let and second home stamp duty

Property Value Band (GBP) Stamp Duty Rate Pre Holiday Stamp Duty Rate From 8 July 20 to 30 June 21 Stamp Duty Rate From 1 July 21 to 30 Sept 21 Stamp Duty Rate From 1 Oct 2021
0 - 125k 3% 3% 3% 3%
125k - 250k 5% 3% 3% 5%
250k - 500k 8% 3% 8% 8%
500k - 925k 8% 8% 8% 8%
925k - 1.5m 13% 13% 13% 13%
1.5m+ 15% 15% 15% 15%

Disclaimer: This information is for reference only. It 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.

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