Stamp duty calculator

Stamp Duty Land Tax is due on residential properties in England, Northern Ireland and Wales that cost over £125,000. There’s a different threshold for non-residential properties.

This tax applies to both freehold and leasehold properties – whether you’re buying outright or with a mortgage.

Stamp duty rates are tiered, so after the first £125,000, which is tax-free, you’ll pay a different percentage rate for each portion of the value of the house.

How much is stamp duty?

Our table below shows the percentages you have to pay on residential properties as the value increases.

Stamp duty rates

Purchase price of property % paid on the part of the property price within each tax band
£0-£125,000 0%
£125,001-£250,000 2%
£250,001-£925,000 5%
£925,001-£1,500,000 10%
£1,500,001+ 12%

 

UK stamp duty changes

Under the old stamp duty system, the rate you had to pay increased in bands according to the value of a property, and it wasn’t tiered. So on a property costing between £250,001 and £500,000, for example, you would have paid 3% of the entire value of the property.

The new system, which came into effect on 4 December 2014, is also arranged in bands – but the rate is tiered, like income tax, meaning that it’s only payable on the portion of the property’s value that falls into each band. So, on a property costing between £250,001 and £500,000, you’ll pay 0% on the first £125,000, 2% on the next £125,000, then 5% on anything over £250,000.

To find out exactly how much stamp duty you’ll have to pay on the house you’re buying, simply enter the property price in our UK stamp duty calculator (bottom) and the results will show you how much you’ll pay now.

Buying a second home, holiday home or buy-to-let property? Click to use our buy-to-let stamp duty calculator.

See stamp duty calculator www.stampdutycalculator.org.uk for the exact stamp duty cost for your new home.