Share, Connect, Like and make sure everyone knows where to Calculate Stamp Duty, Online Stamp Duty Calculator and Stamp Duty Rates.
Other than the Stamp Duty Calculator, we have provided you with some useful links to other services that you may require when buying a property.
Calculate Stamp Duty has been setup as a simple website and tool to do just that ... Calculate your stamp duty land tax liability, when purchasing a new home or property in England, Wales and Northern Ireland.
When you buy a residential property which is greater than £125,000 then a Stamp Duty Tax levy is applicable.
Stamp Duty is due and payable if you:
From 4th December 2014 the Stamp Duty Land Tax system was overhauled by the UK Government. The old slab style system of taxation was replaced with a progressive tax system similar to UK income tax. The new residential rates are calculated as follows:
From the 1st April 2016, Stamp Duty rates for anyone purchasing an additional property will change. Additional property includes buy to let investments and second homes. Each bracket will essentially attract an additional 3% surcharge. The rates will be as follows:
Anybody purchasing a second home, buy-to-let property or additional home that is under £40,000, will not have to pay any Stamp Duty on the transaction.
You will not be liable for the higher rate of stamp duty (sdlt) if your residential property is:
These people will also pay the higher rate of Stamp Duty, if you buy a residential property in England, Wales or Northern Ireland and you already own one outside these countries.
Stamp Duty Land Tax no longer applies in Scotland. Instead you pay Land and Buildings Transaction Tax when you buy a property.
The SDLT tax must be paid within 30 days of completion.
Please make sure that before you exchange on your property, that you have accounted for the amount of Stamp Duty Tax that is due and that you have the funds available, to allow for the tax to be paid promptly.
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England, Wales and Northern Ireland.
The current SDLT threshold is £125,000 for residential properties and £150,000 for non-residential land and properties.
If you need to contact Calculate Stamp Duty, you can drop us a line or email us using the contact details below.