UK Stamp Duty Calculator
Calculate stamp duty land tax (SDLT) for your property purchase in England and Northern Ireland. Get accurate calculations for residential properties, first-time buyers, and additional properties.
Understanding UK Stamp Duty
What is Stamp Duty?
Stamp Duty Land Tax (SDLT) is a tax paid when purchasing property in England and Northern Ireland. The amount depends on the property price and type of purchase.
Tiered Tax System
Stamp duty uses a tiered system where different rates apply to different portions of the property price, similar to income tax bands.
First-Time Buyer Relief
First-time buyers pay no stamp duty on properties up to £300,000 and reduced rates up to £425,000, providing significant savings.
Additional Property Surcharge
An extra 3% surcharge applies to additional properties, including second homes and buy-to-let investments, on top of standard rates.
Current Stamp Duty Rates 2024
Residential Property
| Property Value | Rate |
|---|---|
| Up to £250,000 | 0% |
| £250,001 - £925,000 | 5% |
| £925,001 - £1,500,000 | 10% |
| Over £1,500,000 | 12% |
First-Time Buyers
| Property Value | Rate |
|---|---|
| Up to £300,000 | 0% |
| £300,001 - £425,000 | 5% |
| Over £425,000 | Standard rates apply |
Additional Properties
| Property Value | Rate |
|---|---|
| Up to £250,000 | 3% |
| £250,001 - £925,000 | 8% |
| £925,001 - £1,500,000 | 13% |
| Over £1,500,000 | 15% |
Frequently Asked Questions
When do I need to pay stamp duty?
Stamp duty must be paid within 14 days of completing your property purchase. Your solicitor typically handles this payment as part of the completion process, using funds from your deposit or mortgage.
Am I eligible for first-time buyer relief?
You qualify for first-time buyer relief if you've never owned a property anywhere in the world and the property costs £425,000 or less. If you're buying with a partner, both must be first-time buyers.
What counts as an additional property?
Additional properties include second homes, buy-to-let investments, and any property purchased when you already own another residential property. The 3% surcharge applies even if you plan to sell your current home.
Can I get a refund on the additional property surcharge?
Yes, if you sell your previous main residence within 36 months of buying a new one, you can claim a refund of the 3% surcharge. You must apply to HMRC for this refund.
Are there any exemptions from stamp duty?
Some exemptions include properties under £250,000 (residential) or £150,000 (non-residential), transfers between spouses, and certain types of property transactions like gifts or inheritance.