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Stamp Duty Calculator

Historically Stamp duty was a British tax levied on documents, usually found on legal documents such as cheques, marriage licences and millatery commissions. A physical wax stamp had to be attached to or impressed upon the document to denote that stamp duty had been paid before the document was legally binding.

More modern versions of the tax no longer require an actual stamp.UK Stamp Duty on property (also known as SDLT) is a charge on property transactions and came into effect on 1 December 2003.

Freehold Sales & Transfers

Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

Example

If you buy a house for £275,000, the SDLT you owe is calculated as follows:

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the final £25,000 = £1,250

Total SDLT = £3,750

Higher Rates Of Stamp Duty & Second Homes 

From April 2016 the rates for Stamp Duty Land Tax will are increased if you buy an additional residential property in England, Wales and Northern Ireland.

You’ll also pay the higher rate if you buy a residential property in England, Wales or Northern Ireland and you already own one outside these countries.

A useful government document explaining the changes in details can be found here

Purchase priceRate
up to £125,000 3%
over £125,000 and up to £250,000 5%
over £250,000 and up to £925,000 8%
over £925,000 and up to £1.5 million 13%
over £1.5 million 15%


Find a useful Stamp Duty calculator, click here

For further information, please contact one of our consultants on 0203 261 8881

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