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Stamp Duty Calculator - How much is stamp duty?

Tax is payable when you buy a property above a certain value. The amounts can be quite significant and you'll have to factor this into your budget when considering how much you need to save to buy a house. The actual name of the tax and the rates that apply depends on where you are buying in the UK, whether you are a first time buyer, and if not whether you own any other properties.
  • In England and Northern Ireland it’s known as Stamp Duty Land Tax and is usually payable on purchases above £125,000, however from the 8th July 2020 through to the 31st March 2021 a Stamp Duty holiday applies meaning properties up to £500,000 are exempt, as long as the transaction completes by 31st March 2021.
  • Wales' equivalent is called the Land Transaction Tax, and usually applies to properties over £180,000, but this threshold will be temporarily increased to £250,000 from the 27th July 2020 until the end of March 2021.This doesn’t apply to anyone purchasing an additional property.
  • Scotland has the Land & Buildings Transaction Tax which normally applies to properties over £145,000, or £175,000 for first time buyers. Until the 31st March 2021, this threshold for all home-buyers has been increased to £250,000.
  • England, NI and Wales impose a 3% surcharge for additional properties such as second homes or Buy to Let, this still applies to properties in England and NI which would otherwise be exempt due to the Stamp Duty Holiday. In Scotland it's charged at 4%.
Stamp Duty Land Tax/Land & Building Transaction Tax/Land Transaction Tax

On the 31st of March 2021 the temporary Land Tax holiday period ends. The calculator below reflects the appropriate Land Tax to be paid if your purchase completes after the 31st of March 2021. Should your purchase complete before this date then the Land Tax to be paid may be lower than that shown. L&C is not able to advise on tax matters and we recommend you take specialist advice on the stamp duty level which may be applicable to your circumstances.

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