Stamp Duty Calculator

Calculate how much stamp duty you pay for a residential UK property

What is stamp duty?

Stamp duty, also known as Stamp Duty Land Tax (SDLT), is a tax imposed by the government of England on the purchase of properties. It is applicable to both residential and commercial properties. The amount of stamp duty you pay depends on the property price and the location of the property.

How much is stamp duty?

The amount of stamp duty you pay is determined by the purchase price of the property. The rates of stamp duty vary based on different thresholds. The current stamp duty thresholds and rates for residential properties in England are as follows:

  • Up to £125,000: 0% stamp duty
  • £125,001 to £250,000: 2% stamp duty
  • £250,001 to £925,000: 5% stamp duty
  • £925,001 to £1.5 million: 10% stamp duty
  • Above £1.5 million: 12% stamp duty

For example, if the property price is £300,000, the stamp duty would be calculated as follows:

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the remaining £50,000 = £2,500
  • Total stamp duty = £5,000

Do first-time buyers pay stamp duty?

First-time buyers in England are eligible for stamp duty relief. If you are a first-time buyer, you can claim relief on the first £300,000 of the property price. Properties priced between £300,000 and £500,000 will be subject to a reduced stamp duty rate.

Stamp duty for non-residents

Non-residents are subject to an additional 2% stamp duty surcharge when purchasing residential properties in England. This surcharge applies on top of the standard stamp duty rates.

When do you pay stamp duty and how is it paid?

Stamp duty must be paid within 14 days of completing the property purchase. Your solicitor or conveyancer will usually handle the payment on your behalf and ensure it is paid to HM Revenue and Customs (HMRC).

How much is stamp duty on second homes?

If you already own a property and you are purchasing an additional property, such as a second home or a buy-to-let investment, you will be subject to an additional 3% stamp duty surcharge. This surcharge applies to all bands of the stamp duty rates.

How much is buy-to-let stamp duty?

Buy-to-let properties and second homes are subject to the same stamp duty rates as mentioned earlier. The additional 3% stamp duty surcharge applies to the entire purchase price.

How much is new-build stamp duty?

The stamp duty rates for new-build properties are the same as for other residential properties. However, if the property is a new build and it costs £500,000 or less, you may be eligible for relief on the first £300,000. This relief applies to both first-time buyers and non-first-time buyers.

How much is shared-ownership stamp duty?

For shared-ownership properties, you will only pay stamp duty on the portion of the property you are purchasing. The rates are the same as for other residential properties. If the shared ownership property price is below the threshold, you may be eligible for full relief.

Can I reduce stamp duty?

Stamp duty is a legal requirement, and the rates are set by the government. However, there are some ways you can potentially reduce your stamp duty liability. One option is to negotiate the purchase price of the property. A lower purchase price would result in a lower stamp duty amount. Additionally, if you are a first-time buyer or purchasing a shared-ownership property, you may be eligible for certain reliefs or exemptions.

Are there any stamp duty exemptions?

There are some cases where you may be exempt from paying stamp duty. For example, if you are transferring a property as a gift or as part of an inheritance, you may not need to pay stamp duty. However, it is important to consult with a professional to understand the specific circumstances and requirements for stamp duty exemptions.

Can I add stamp duty to my mortgage?

In general, you cannot add the stamp duty amount to your mortgage. Stamp duty must be paid separately and cannot be financed through a mortgage. It is important to budget for stamp duty and have the necessary funds available to cover the payment.

How to use Stamp Duty Calculator?

Follow these simple steps to calculate your stamp duty:

  1. Enter the property price in the "What is the property price?" field.
  2. Specify the location where you are buying by entering it in the "Where are you buying?" field.
  3. Select whether you are a first-time buyer or not from the dropdown menu labeled "Are you a first-time buyer?".
  4. Indicate if this property will be your only property by selecting "Yes" or "No" from the dropdown menu labeled "Will this be your only property?".
  5. Click the "Calculate" button to get your stamp duty result.

Once you click "Calculate," the Stamp Duty Calculator will process the information you provided and display the amount of stamp duty you will need to pay based on the property price, location, and your buyer status.

Remember, this calculator provides an estimate and should be used for informational purposes only. For precise stamp duty calculations and advice, it is always recommended to consult with a professional or the appropriate authorities.

Get started now and calculate your stamp duty!

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5.0 Based on 142 reviews from review us onAreti D. ★★★★★ Absolutely thrilled with the exceptional service provided by Ascot Mortgages Ltd and especially by Natalia Barry! Even though our home purchase hasn't been completed yet, we couldn't wait to share our positive experience. From the moment we reached out, their professionalism and expertise shone through, making the daunting process of securing a mortgage a breeze.Not only did Natalia navigate the intricacies of the mortgage market with finesse, but they went above and beyond by suggesting other high-quality services, including solicitors and insurance providers. This comprehensive approach is making the entire home-buying journey seamless and stress-free.Natalia took the time to understand our unique needs and financial situation, ensuring that the options presented were tailored perfectly.Communication is prompt and clear throughout, leaving us feeling informed and confident at every stage. Natalia had our best interests at heart, going the extra mile to secure a fantastic mortgage deal.We cannot recommend Ascot Mortgages and Natalia highly enough. If you're in need of mortgage assistance, look no further. With their expertise and dedication to client satisfaction, you're in the best hands possible. A huge thank you to Natalia for making our home-buying experience a dream come true!Ashley Cox 1. ★★★★★ Would 100% recommend. Myself and my partner are currently going through the mortgage process as first time buyers. Natalia Barry has dealt with our application from day one. She has always been on hand to help, informative throughout and reliable when we have had questions. She has given us several options and broken them down into simple terms to help us. Natalia has truly been exceptional who deserves every bit of credit. We certainly got lucky having her as our first mortgage consultant.Dominik S. ★★★★★ Alison and the Ascot Team are excellent. I have used them for 5 years now and they deliver the most competitive mortgage deals fast. Just what I need. Thank you!Eric T. ★★★★★ We have dealt with Ascot Mortgages twice. Once for a mortgage about eleven years ago and recently for life insurance.In both cases we were treated with the utmost respect and professionalism.In the case of the life insurance application, we considered ourselves to be problem customers because of our age and numerous health issues.Richard Johnson, who managed this application couldn't have been more helpful.He worked in our best interest and was dedicated to providing an excellent service.We were kept up to date through all of the stages of the application and when our doctors were very slow in producing medical reports for the insurance company he persisted where others might have given up.The service we had from Richard was pleasant and professional throughout some difficult stages.My wife and I have no hesitation in recommending Ascot Mortgages.Zack R. ★★★★★ Having dealt with Ascot Mortgages and Alison for many years now I can say that you wont find a more professional, knowledgeable and efficient company to help with your mortgage. Alison is patient and makes the whole process seem easy. She has the answer to any question you have and seems to genuinely care. I can not recommend enough. I am sure I will be using Ascot Mortgages for years to come.Umair Z. ★★★★★ It has been a fantastic experience to work with both Phil and Jardelle at Ascot Mortgages to secure a mortgage product for my first home. Phil made the mortgage process smooth and easy. They are professionals and know what they are doing. Very pleased with the service and communication. would highly recommend them.Hello at NLP West M. ★★★★★ I needed a buy to let re-mortgage. Ascot were efficient from start to finish. I can recommend them completely especially because they can search the whole spectrum of mortgage lenders and meet the clients needs. never waiting for staff to get back and always kept me in the loop.Onohomen O. ★★★★★ ZHOU J. ★★★★★ It has been a brilliant experience to work with both Phil and Jardelle at Ascot Mortgages to secure a great mortgage product for our next home. Given how challenging the current market is, they have done a fantastic job to meet our needs with their expertise, professionalism and effectiveness. We would highly recommend their services to whom seeks help with their property purchase.Nicholas S. ★★★★★ Fantastic service. Ellie and Jardelle were always quick to reply to any queries and very helpful throughout the process. Highly recommend!Stacey S. ★★★★★ Jason was brilliant to work with! Always on top of the transaction! Would highly recommend 👍Scott ★★★★★ Although I've not bought anything yet, they (Jason in particular) have been super helpful in my search for the right mortgage deal, whilst also giving an honest opinion during these difficult times. Would highly recommend.Sandra I. ★★★★★ Fantastic from start to finish! Natalia and Jason found me the best rate for my remortgage and they were extremely efficient! Best service I’ve ever received from a brokerage company. Thanks so much.Virmantas N. ★★★★★ Amazing service and great communication. Ellie Morgan had quickly completed all requests and over delivered all expectations.Highly recommended for those who want to get the stuff done without any delays!David W. ★★★★★ I have used ascot for 3 renewals since they done helped me with my purchase which was complicated and will continue to use them going forward. Very fair prices and very helpful and knowledgeable even with just general information.Adam B. ★★★★★ Natalia made life very easy for us when remortgaging. Third time using ascot always a breezeTaff G. ★★★★★ Ascot Mortgages have been brilliant. Easy to work with and incredibly helpful. I am always happy to recommend them. Natalia and Jason have made the whole process much easier than I was expecting. Excellent service.Daryl L. ★★★★★ We've had a fantastic experience with Natalia Barry and Jason Jones at Ascot Mortgages for our property purchases and refinancing. Their expertise, coupled with genuine care and understanding of our needs, made the process smooth and stress-free.They were consistently communicative, keeping us informed at every step. Their assistance in consolidating our protection cover was invaluable, simplifying what could have been a complex process.What set them apart was their personal touch – always polite and ready to pick up the phone for a chat. This level of personal engagement is rare and much appreciated.In short, Natalia and Jason are not just skilled professionals but also truly dedicated to their clients. We highly recommend their services to anyone in need of mortgage advice.Sarah A. ★★★★★ I have used this firm for several years and they have always been super helpful and supportive, attentive and resolved issues in really useful ways. Shout out to Alison, Ellie and Jardelle (and the team!)Georgia W. ★★★★★ We worked with Ellie to secure our mortgage and protection, and she was a dream! Being a first time buyer, I was quite clueless about the process, and in a time where mortgage rates have been quite high, she worked right til the end to make sure we were getting our mortgage at the best possible rate and was always available to answer all questions I had. Can't recommend enough 🙂Richard D. ★★★★★ Laura S. ★★★★★ As a first time buyer, trying to navigate through potential mortgages was a very daunting thought. Ascot Mortgages were recommended to me and I've been extremely happy with the service provided. They have guided me through every step and I finally have a mortgage. Very pleased and would recommend.Lucy B. ★★★★★ Having Phil as my mortgage advisor was great from the very start! He is down to earth and speaking to him was always a pleasure. The kindness, compassion and support I have been given all the way through what can be a stressful process was immeasurable. Phil and Jardelle worked as a solid team and was able to make me feel at ease all the way through buying my first home. The team were always available and the communication between everyone was always clear and I felt safe in the hands of the company as a whole. Thank you for helping me buy my first home!Flora R. ★★★★★ I worked with Richard (Protection Adviser) for a couple of days to sort out life and critical illness insurance. Absolutely brilliant, he found me and my husband the perfect policy. Very knowledgeable and easy to get on, he definetely makes things easy to understand. Thank you for the great service provided.Matthew R. ★★★★★ I've dealt with Phil at Ascot Mortgages for a while now and Phil always comes back back to me with the right plan.Keep the good work up!js_loader
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