Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT) is a tax that has to be paid on properties purchased over a certain price. It is not a fixed tax and is dependent on the value of the property.

A property will not be taxed at all until it costs £125,001-£250,000. Everything in this margin is then charged at a rate of 2%. So a property priced at £125,100 will cost a tax of £2 (because the £100 inside the margin will be taxed at 2%).

If the property costs over £250,000 and under £925,000, the tax rate increases to 5%. However, this tax rate will only apply to this £250k-£925k margin, and must be paid in addition to the 2% tax paid on the previous £125,001-£250,000 margin.

The margins keep increasing until the property costs over £1.5m (see table below for full margins and associated tax rates).

Property Value Margins Stamp Duty Land Tax Rate
£0 - £125,000 0%
£125,001 - £250,000 2%
£250,001 - £925,000 5%
£925,001 - £1.5m 10%
£1.5m+ 12%
Stamp Duty Rates Updated - Dec 2014  

 

This system was brought in to address an imbalance in the old 'slab system', where a property costing just one pound into the next margin up could cost the homebuyer additional thousands of pounds more in tax. This new system is graduated so that those with larger, more expensive properties pay relatively more than those who can only afford smaller, cheaper homes.

Stamp Duty Calculator

Calculator Instructions:  To find out exactly how much Stamp Duty Land Tax you will be required to pay, enter the property value into the calculator here. It will first determine whether you have to pay any, and then work out the percentages for you, giving the final amount you will have to pay if you buy the property.

England, Wales, and N.Ireland

Enter your property's value

Calculate

Note: For a free no obligation chat with an independant mortgage specialist about your requirements please complete our First time buyer mortgage enquiry form below.

Make a Free - No Obligation Mortgage Enquiry

Stop Press: Find the perfect mortgage!
Lending criteria has been relaxed and our specialists can find you great mortgage offers to compare.
Our team do all the work to find you the best offer
We'll help you find the best mortgage for your needs and ensure that everything runs as smoothly as possible.
Deposits required are again falling
The cost of the best deals has dropped recently for those borrowing either 80%, 85% or 90% of their property's value
Independent, searching the whole market
With 1000's of mortgage products available our mortgage brokers will source the mortgage that suits your situation.
Please complete this quick, free enquiry form.
£
£

£



£
mths

Your Details

Home Buyer Guides

Home Buyer News

Speak with an independany mortgage specialist

About Company

HomeBuyService.co.uk is part of the SFN Network of websites. Sitefinders Net Ltd is a U.K based company setup in 1995. Our core business is the development of online businesses using the generic domain name concept. We have a growing portfolio of websites in many different industries such as electronics, finance, retail, seasonal and health.

Privacy Policy
FAQ
Sitemap

Get in Touch