Stamp Duty is a government-imposed land tax (SDLT) that is due when you purchase a property for over £125,000. The rate of tax due varies according to the value of the property.
Stamp Duty rates
The current Stamp Duty tax bands, valid since April 2016, are as follows:
- Up to £125,000 Zero
- The next £125,000 (from £125,001 to £250,000) 2%
- The next £675,000 (from £250,001 to £925,000) 5%
- The next £575,000 (from £925,001 to £1.5 million) 10%
- The remaining amount (the portion above £1.5 million) 12%
How it works
The tax due is staggered for each band. So if you buy a house for £550,000, the SDLT you owe is calculated as follows:
You pay 0% on the first £125,000 = £0
Then 2% on the next £125,000 = £2,500
Followed by 5% on the remaining £300,000 = £15,000
Total SDLT = £17,500
Find out how much Stamp Duty you will pay
Use our tool below to see what you could be paying.
Value of property:
This is only a guide – different rules and rates apply to freehold, leasehold, transfer and new build properties. Your solicitor will confirm the actual amount due before you conclude any transaction.