UK Stamp duty calculator for property purchases. First-time buyers, second home buyers, or buy-to-let investors have access to the most accurate calculations based on current rates and thresholds.
Living in Wales? Calculate Land Transaction Tax.
Stamp Duty Land Tax (SDLT) is a tax you pay when purchasing property or land in England and Northern Ireland. Scotland and Wales have their own similar taxes.
First-time buyers can benefit from tax relief on properties up to £425,000, potentially saving thousands on their purchase.
If you're buying an additional property, you'll typically pay an extra 3% in England and Northern Ireland, or 4% in Scotland and Wales on top of the normal rates.
For professional advice about Stamp Duty and your property purchase, we recommend consulting with a qualified solicitor or tax advisor.
Stamp Duty Land Tax (SDLT) is a tax you pay when purchasing property or land in England and Northern Ireland. Scotland and Wales have their own similar taxes.
First-time buyers can benefit from tax relief on properties up to £425,000, potentially saving thousands on their purchase.
If you're buying an additional property, you'll typically pay an extra 3% on top of the normal SDLT rates.
For professional advice about Stamp Duty and your property purchase, we recommend consulting with a qualified solicitor or tax advisor.
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Second homes and buy-to-let properties are subject to an additional 3% surcharge on top of standard rates.
Property Value: £500,000
Standard SDLT: £15,000
Additional Surcharge: £15,000
Total SDLT: £30,000
[Explore Stamp Duty for Second Properties]
Stay informed about the latest updates to stamp duty rules and rates, including thresholds and exemptions introduced in 2024.
Effective from 31 October 2024
Policy Objective: These changes are designed to discourage the purchase of additional residential properties, making more housing available for first-time buyers and primary residence purchasers.
The buyer is responsible for paying stamp duty on property purchases.
Stamp duty must be paid within 14 days of the transaction.
First-time buyers and certain property transfers may qualify for exemptions or reduced rates.
Stamp duty is calculated based on the property price and applicable rates for the buyer type.
Late payments may incur penalties and interest charges.
Yes, you can appeal through HMRC if you believe the calculation is incorrect.
Yes, commercial properties and mixed-use properties follow separate rates.
This is an extra charge applied to second homes and buy-to-let properties.
Yes, Scotland and Wales have their own systems (LBTT and LTT).
Yes, but it increases the total borrowing and repayment amount.
The Stamp Duty Land Tax (SDLT) is one of the most complex taxes in England and Northern Ireland. Rates vary based on property value and buyer status for land and properties purchased over a specified threshold.
In some ways, sourcing properties in the UK feels like a game where only few know the rules. Whether you’re a first-time buyer or a seasoned investor, finding the right property at the right price can be challenging, especially in the highly competitive UK market.
In 2024, significant changes to Stamp Duty Land Tax (SDLT) in the United Kingdom are poised to impact homebuyers, particularly first-time purchasers, as well as the overall housing market. These alterations include an increase in the surcharge for additional properties from 3% to 5%, effective October 31, 2024
The Chancellor’s 2024 Budget aims to ‘rebuild Britain’ with a bold strategy to drive economic growth, with a specific focus on the real estate and housing sectors. Investment in development and infrastructure, alongside significant planning reforms, forms the backbone of the Budget’s vision to unlock property market growth.
Jamie York Explains Stamp Duty fundamentals: making money through rental income, capital appreciation, and leveraging finance.
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