Use our helpful calculator below to find out how much Stamp Duty Land Tax (SDLT) you will need to pay when you buy your new property.
Further to the announcement on 8th July 2020 from the chancellor in the mini-budget, please note the below calculator does NOT take into consideration the updates announcing the stamp duty holiday on purchases up to £500,000 on all completions of house sales up until 31st March 2021 with immediate effect.
Residential Property Rates
Stamp Duty Land Tax (SDLT) is payable on increasing portions of the property price above £125,000 when you buy residential property.
For first time buyers purchasing at £500,000 or less the rates are different. Please see below our government guide to calculating stamp duty on your new home.
First Time Buyers
You can claim a discount (relief) so you do not pay any tax up to £300,000 and 5% on the portion from £300,001 to £500,000.
You are eligible if you, and anyone else you're buying with, are first-time buyers.
If the price is over £500,000, the same rates apply as those for previous home owners, outlined below.
Previous Home Owners
Freehold properties:
| Property or lease premium or transfer value | SDLT rate |
| Up to £125,000 | Zero |
| The next £125,000 (the portion from £125,001 to £250,000) | 2% |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
Leasehold properties:
When you buy a new residential leasehold home SDLT is payable on the purchase price of the lease (known as the 'lease premium') using the same rates in the table above.
If the total rent over the life of the lease (known as the 'net present value') is more than £125,000, you also pay SDLT of 1% on the portion over £125,000 - unless you buy an existing assigned lease.
Use the SDLT calcualor to work out how much tax you will pay.
Higher rates for additional properties
You'll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you'll own more than one.
Use the SDLT calculator to work out how much tax you will pay.
If you're replacing your main residence
You will not pay the extra 3% SDLT if the property you're buying is replacing your main residence and that has already been sold.
If there's a delay selling your main residence and it has not been sold on the day you complete your new purchase you'll have to pay higher rates because you own 2 properties.
You may be eligible to a refund if you sell your previous main home within 36 months of buying your new home.
