Connect and Share Calculate Stamp Duty

Share, Connect, Like and make sure everyone knows where to Calculate Stamp Duty, Online Stamp Duty Calculator and Stamp Duty Rates.

Other useful links when buying a property

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.

 

Stamp Duty Calculator | Calculate your UK SDLT 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.

When is Stamp Duty Land Tax due? Which property transactions attract a Stamp Duty charge or SDLT?

Stamp Duty is due and payable if you:

  • buy a freehold or leasehold property
  • buy a property through a shared ownership scheme
  • If you take a property in lieu of a payment

Current Rates of Stamp Duty in England, Wales and Northern Ireland

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:

  • 0% on the first £125,000 of the property price - nothing to pay
  • 2% on the next £125,000
  • 5% on the next £675,000
  • 10% on the next £575,000
  • 12% on the rest (above £1.5 million)

New Rates of Stamp Duty (SDLT) that come into effect from 1st April 2016 - Increase for Additional Properties, Buy-To-Let Investments and Second Homes

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:

  • 3% on the first £125,000 of the property price
  • 5% on the next £125,000
  • 8% on the next £675,000
  • 13% on the next £575,000
  • 15% on the rest (above £1.5 million)

Second Properties, Buy-To-Let and Second Homes that are purchased for £40,000 or less

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.

Are there any properties that are exempt from these changes?

You will not be liable for the higher rate of stamp duty (sdlt) if your residential property is:

  • a caravan, mobile home or houseboat
  • outside England, Wales and Northern Ireland

What about Foreign Investors or people that own a property abroad, but are also looking to buy a second home?

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.

What about Stamp Duty in Scotland?

Stamp Duty Land Tax no longer applies in Scotland. Instead you pay Land and Buildings Transaction Tax when you buy a property.

What about Stamp Duty (SDLT) relief for First Time Buyers?

As of March 2012, the UK Government abolished stamp duty relief for First Time Buyers.

When does Stamp Duty (SDLT) have to be paid to HMRC?

The SDLT tax must be paid within 30 days of completion.

Your Conveyancer or Property Solicitor files this return for you. You can save yourself time and money and get a cheap conveyancing quote now.

Important Note:

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.

Stamp Duty Calculations for purchasing a property in other towns and cities in England, Wales & Northern Ireland

SDLT Calculations and liability when buying a property in other counties and locations in England, Wales and Northern Ireland

Who owns and operates Calculate Stamp Duty?

Calculate Stamp Duty is owned and operated by The Conveyancing Network (TCN). Our technology and software is utilised in the UK property market for conveyancing, surveying, mortgages and calculator tools such as Calculate Stamp Duty.

What is Stamp Duty (SDLT) and why do we have to pay it?

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.