Stamp Duty Calculator

The amount of stamp duty you’ll have to pay depends on a range of factors.

Use our simple calculator to work out how much you’ll owe, depending on the home you’re buying and your circumstances.

What is stamp duty?

Stamp duty land tax (SDLT) is a tax that you may need to pay when you buy a property in England or Northern Ireland. In Scotland there’s a similar tax called land and buildings transaction tax and in Wales it’s called transaction tax.

If you’re buying a residential property, the amount of stamp duty you owe depends on the price you pay for the property and if you’re:

  • A first-time buyer
  • Buying a buy-to-let, a holiday home or a second home
Stamp duty rates

Under the current system in England and Northern Ireland, stamp duty is tiered. This means you pay different rates of stamp duty on different portions of the overall purchase price.

This means that if you buy a property for under £125,000 you won’t owe any stamp duty.

The stamp duty tiers are:
Infographic - Stamp duty tax tiers compared with additional property rates

*Properties under £40,000 are not subject to the additional stamp duty land tax (SDLT) rates

Figures referenced from https://www.gov.uk/stamp-duty-land-tax/residential-property-rates

First time buyers

First time buyers are allowed to spend more on their first homes before paying stamp duty:

  • From 1 October when all other home buyers' stamp duty threshold decreases, first time buyers will still have up to £300,000

Second home buyers

Second home buyers have to pay the extra 3% of stamp duty.

If you buy a property for £350,000 for example, stamp duty will be calculated like this:

Property price:
£350,000

Portion 1
(£0-£125,000)
0% tax so stamp duty =
£0

Portion 2
(£125,000.01-£250,000)
2% tax so stamp duty =
£2,500

Portion 3
(£250,000.01-£500,000)
5% tax so stamp duty =
£5,000

Total stamp duty owed = £0 + £2,500 + £5,000 = £7,500

Use our stamp duty calculator to see how much stamp duty you'll need to pay.

Stamp Duty Calculator

In Scotland and Wales?

In Scotland and Wales, the systems are slightly different. Instead of stamp duty, Scotland has Land and Buildings Transaction Tax. It’s a lump-sum tax that’s very similar to stamp duty but the tiers and additional property rates are different.

Land and Buildings Transaction Tax rates in Scotland are as follows:
Infographic - Land and buildings transaction tax tiers compared with additional property rates

* Properties under £40,000 are not subject to the additional land and buildings transaction rates

Figures referenced from https://www.gov.scot/policies/taxes/land-and-buildings-transaction-tax/

First time buyers in Scotland

First time buyers are allowed to spend more on their first homes before paying stamp duty:

  • From 1 April 2021 up to £175,000

In Wales, it’s called Land Transaction Tax and again, is very similar to stamp duty but with different tiers and rates.

Land Transaction Tax rates in Wales are as follows:
Infographic - Land traction tax tiers compared with additional property rates

* Properties under £40,000 are not subject to the additional land transaction tax rates

Figures referenced from https://gov.wales/land-transaction-tax-rates-and-bands

First time buyers in Wales

First time buyers are allowed to spend more on their first homes before paying stamp duty:

  • From 1 July 2021 up to £180,000

Use our stamp duty calculator to see how much stamp duty you'll need to pay.

Stamp Duty Calculator