STAY WARM
AND SNUG ALL
WINTER LONG.
Reserve today and well move you from cold to cosy in one easy winter move.
FIND YOUR NEAREST DEVELOPMENT
Reserve today and well move you from cold to cosy in one easy winter move.
FIND YOUR NEAREST DEVELOPMENT
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.
An example for existing homeowners purchasing a new home at a purchase price of £500,000
| Purchase price bands (£) | Percentage rate (%) | SDLT due (£) |
|---|---|---|
| Up to 125,000 | 0 | 0 |
| Above 125,000 and up to 250,000 | 2 | 2,500 |
| Above 250,000 and up to 925,000 | 5 | 12,500 |
| Above 925,000 and up to 1,500,000 | 10 | 0 |
| Above 1,500,000+ | 12 | 0 |
| Total SDLT due | 15,000 |
If you are buying a second home or a buy-to-let-property there is an additional 5% charge on each bracket. If you wish, we can suggest Independent Financial Advisors to help you learn more.
If you are a first-time buyer purchasing a property up to the value of £300,000, you are not required to pay any Stamp Duty. First-time buyers purchasing a property valued between £300,001 and £500,000 can also still benefit, as you won’t pay Stamp Duty on the first £300,000. However, if you are purchasing a property over £500,000, you should follow the standard Stamp Duty rules applicable to existing homeowners.
Start your search for your new home today with our Stamp Duty calculator.
You will be required to pay:
£
in stamp duty
Owning your first home is exciting. With us you can rest assured we'll help you through every step of the buying process, making it as simple as possible.
We're here to make it a stress-free experience. We can be the buyer of your current home with Part Exchange, or help you sell with SmoothMove.