Stamp duty calculator

If you’re buying a property in the UK, you will likely need to pay some form of Stamp Duty. You can calculate how much Stamp Duty you’ll have to pay here, using our calculator.

Stamp Duty Holiday 2020

As of 8th July 2020 the Chancellor announced a Stamp Duty exemption for all properties in England and Northern Ireland up to the value of £500,000 up until the end of March 2021. For second homes or Buy to Let properties, there will be a discount, where only 3% Stamp Duty is payable up to the first £500,000. Above that amount, the usual percentage applies.

Similarly, in Scotland the threshold for paying Land & Buildings Transaction Tax was raised from £145,000 to £250,000 on Wednesday 15 July. The rates and thresholds above this figure remain unchanged. The higher threshold will remain in place until 31 March 2021.

Please note: The average house move in England takes 20 weeks (11 weeks in Scotland), so you may miss out on the exemption if you are starting the buying process now. The calculator reflects what you pay if you miss the deadline of 31 March 2021.

What is Stamp Duty?

Stamp Duty is a tax paid to government when buying a new home. If you are in Scotland, it will be Land and Buildings Transaction Tax (LBTT) and in Wales it will be Land Transaction Tax (LTT). If you are in England or Northern Ireland, it will be called Stamp Duty. Stamp Duty is calculated based on the value of the property you’re buying.

Stamp Duty Calculator

  1. Which part of the UK is the property?

  2. Are you a first time buyer?

  3. Will this be an additional home or a buy-to-let property?

  4. £ .00

How do I calculate my Stamp Duty payment?

Use our Stamp Duty Calculator to work out how much Stamp Duty you’ll need to pay. We take into account the region you’re buying in, the price of your property, and whether you’re a first time buyer, or if this is a second home. You’ll instantly be given a breakdown of how much Stamp Duty you’ll pay.

Buy to Let and Second Home Stamp Duty Calculation

If you’re buying a second home, or a home to let out to others, you will pay a higher rate of Stamp Duty. Our calculator can work this out for you. If you are buying your next home first, but intend to sell your current home in the future (within 3 years), you will pay a higher rate of Stamp Duty now, but can reclaim the difference when you sell your home.

When do I pay Stamp Duty?

Stamp Duty needs to be paid within 14 days of completion on your new home. It is likely that your conveyancing solicitor or licensed conveyancer will be responsible for transferring your payment to the appropriate body (HMRC, etc). You will probably be required to pay this amount when you pay your conveyancing fees.