Stamp Duty Land Tax (SDLT) is applicable when purchasing a freehold, leasehold or shared ownership residential property in England. There is no charge when purchasing a main residential property worth less than £125,000. The below stamp duty land tax calculator quickly calculates the amount payable to HMRC when purchasing a property in England which you intend to use as your main residential property.
Stamp Duty Land Tax Calculator (main residential properties)
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Current Stamp Duty Land Tax Rates
| Rate | Charge band |
|---|---|
| 0% | Up to £125,000 |
| 2% | Over £125,000 and under £250,000 |
| 5% | Over £250,000 and under £925,000 |
| 10% | Over £925,000 and under £1,500,000 |
| 12% | Over £1,500,000 |
Stamp duty rates are only applied to the relevant portion of the property purchase value. For instance, a property purchase at £300,000 would result in stamp duty of £5,000 calculated as: £0 on the first £125,000, £2,500 on the next £125,000 (2% * £125,000) and £2,500 on the next £50,000 (5% * £50,000).
Rules applicable for first time buyers or additional property purchasers
- A SDLT surcharge is applicable when purchasing a second property or buy-to-let property, there is an additional 3.0% on acquisitions over £40,000. See our SDLT calculator for buy-to-let and additional property purchases.
- First time buyers pay no stamp duty if the property they are purchasing has a value of less than £300,000 (outside of London) or £500,000 (in London). If the property being purchased is above this value, then stamp duty is paid as normal.
