You have to pay tax when you buy a property over a certain price. These amounts can be large, so make sure to include them in your budget when planning how much deposit you need for a house.
The name of the tax and the rates depend on where you are buying in the UK. They also depend on whether you are a first-time buyer and, if not, how many properties you own.
Both the stamp duty calculator and information below provides an indication of the Land Tax you will need to pay if your purchase is completed after March 31, 2025. L&C is not able to advise on tax matters and we recommend you take specialist advice on the Land Tax level which may be applicable to your circumstances.
Our stamp duty calculator shows rates for individuals buying residential property. Different rates can apply if you are buying through a limited company and you should consult an accountant if you are considering doing this.
If you complete on a mortgage through L&C, L&C will be paid a commission by the chosen lender. L&C will share a percentage of this commission with the referring third party. The commission L&C receives doesn't affect the product or rate recommended to you.