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Stamp Duty

Helping you move > Stamp Duty

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Stamp Duty Land Tax (SDLT) is the tax charged by the government, which you pay on completion of the purchase of your new home. It’s important to factor in the cost of Stamp Duty when purchasing a new home. To help you simplify the process, we’ve created a handy Stamp Duty calculator tool to do the hard work for you.

HOW STAMP DUTY WORKS

Stamp Duty is calculated similarly to income tax. Rather than paying a fixed percentage on the total sale price of the property, the percentage of Stamp Duty is applied only to the portion of the property price in specific brackets.

If you are buying a second home or a buy-to-let-property there is an additional 3% charge on each bracket. If you wish, we can suggest Independent Financial Advisors to help you learn more.

STAMP DUTY FOR FIRST TIME BUYERS

If you are a first-time buyer purchasing a property up to the value of £425,000, you are not required to pay any Stamp Duty. First-time buyers purchasing a property valued between £425,001 and £625,000 can also still benefit, as you won’t pay Stamp Duty on the first £425,000. However, if you are purchasing a property over £625,000, you should follow the standard Stamp Duty rules applicable to existing homeowners.

Stamp Duty Land Tax Calculator

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You will be required to pay:
£
in stamp duty