Stamp Duty Land Tax (SDLT) is a tax on properties bought in England and Northern Ireland. You’ll need to pay it when you buy a residential property that costs more than £125,000. Use this Stamp duty calculator to work out how much Stamp Duty you’ll need to pay on your new home. You can also use it to work out how much you’ll pay on an additional property that costs more than £40,000, like a buy to let or second home, which attracts an extra 3% charge.
How stamp duty is calculated
| Stamp duty in England & Northern Ireland | ||
|---|---|---|
| PURCHASE PRICE | STAMP DUTY RATE ON MAIN RESIDENCE (1) |
STAMP DUTY RATE FOR ADDITIONAL PROPERTIES (1) |
| Up to £125,000 | 0% | 3% (2) |
| £125,001 – £250,000 | 2% | 5% |
| £250,001 – £925,000 | 5% | 8% |
| £925,001 – £1,500,000 | 10% | 13% |
| £1,500,001+ | 12% | 15% |
| (1) Rate applies to that portion of the purchase price. (2) Properties up to £40,000 are exempt from stamp duty. Properties between £40,001 & £125,000 will be charged stamp duty on the full purchase price. | ||
