Our calculator lets you know the amount of Stamp Duty you'll be liable to pay. It'll work out how much you'll owe, whether you're a first-time buyer, moving home, or buying an additional property. Simply enter your property details below to get an instant estimate of your Stamp Duty Land Tax.
Calculate how much stamp duty you will pay:
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Stamp Duty Land Tax (SDLT) is a tax you pay when purchasing property or land in England and Northern Ireland. The amount you pay depends on various factors, including the property's purchase price, whether you're a first-time buyer, and if you're buying an additional property.
You’ll need to pay Stamp Duty Land Tax if you:
– Buy a residential property worth more than £250,000
– Buy a non-residential property or land over £150,000
– Are purchasing an additional property
– Are not eligible for first-time buyer relief
If you’re buying your first home, you may qualify for First-Time Buyer Relief, which means:
– No Stamp Duty on properties up to £425,000
– A reduced rate on properties between £425,001 and £625,000
– Standard rates apply for properties over £625,000
To qualify, you must:
– Be purchasing your first residential property
– Plan to use it as your main residence
– Never have owned property anywhere in the world
When buying an additional property, you’ll typically pay an extra 3% on top of the standard Stamp Duty rates. This applies if:
– You’re buying a second home
– You’re purchasing a buy-to-let property
– You already own property anywhere in the world
From April 2021, non-UK residents pay an additional 2% surcharge on residential properties. This applies to:
– Individuals who are not UK residents
– Companies not incorporated in the UK
– Certain trusts with non-UK resident trustees
© 2024 By EcMortgage. EC Mortgage Solution Ltd is an appointed representative of Beneficial Ltd, which is authorised and regulated by the Financial Conduct Authority, FCA number 736655. EC Mortgage Solution Ltd is authorised and regulated by the Financial Conduct Authority, FCA Number 974789.
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