This Stamp Duty Land Tax (SDLT) calculator helps calculate the tax associated with purchasing a home in England or Northern Ireland for first-time homebuyers, movers or those purchasing a second homes. If you buy a home in Scotland then you will pay a Land and Buildings Transaction Tax (LBTT) or if you are purchasing a house in Wales you will pay a Land Transaction Tax (LTT) instead of the Stamp Duty.
What is a Stamp Duty?
The Stamp Duty Land Tax (SDLT) refers to a tax that you may have to pay if you purchase a home over a threshold in England or Northern Ireland. The threshold price for residential homes is £125,000. If you are a first-time homebuyer this threshold increases to £300,000 or a reduced rate on homes up to £500,000.
Stamp Duty Land Tax (SDLT) rates
These are the rates for purchasing a residential property. If you are buying an additional property then you usually pay an additional 5% on top of these rates.
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £125,000 | 0.00% |
| More than £125,000 up to £250,000 | 2.00% |
| More than £250,000 up to £925,000 | 5.00% |
| More than £925,000 up to £1.5M | 10.00% |
| Over £1.5M | 12.00% |
First-time homebuyer Stamp Duty relief
If you are a first-time homebuyer you may be able to receive SDLT relief. This would mean no SDLT paid on the purchase price up to £300,000 with 5% SDLT paid on the purchase price more than £300,000 up to £500,000. If the purchase price is more than £500,000 then you are not able to claim this relief as a first-time homebuyer.
Stamp duty tax on additional properties
If you are purchasing a second home the SDLT you’ll be subject to pay are 5% more than the normal rates. This chart breaks down the rates you will have to pay for SDLT if it is for the purchase of a second home.
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £125,000 | 5.00% |
| More than £125,000 up to £250,000 | 7.00% |
| More than £250,000 up to £925,000 | 10.00% |
| More than £925,000 up to £1.5M | 15.00% |
| Over £1.5M | 17.00% |
When is Stamp Duty Land Tax paid?
You have 14 days to file a SDLT return and pay any outstanding amounts. If the SDLT is not paid within this period you may incur penalties.
How is Stamp Duty (SDLT) calculated?
The amount this is required to be paid for Stamp Duty is based on the purchase price of the home. The rate that is charged varies based on the band that the home purchase price falls into. There is also an incentive on the SDLT for first-time homebuyers if the purchase price falls below the threshold. The Stamp Duty rates for England and Northern Ireland are the same, while the Wales and Scotland rates differ.