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Stamp Duty Calculator - How much is stamp duty?

Tax is payable when you purchase 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 deposit you need to buy a house.
The actual name of the tax and the rates applied depend on where you’re buying in the UK, whether you’re a first time buyer and, if not, how many properties you currently own.
  • In England and Northern Ireland, it’s known as Stamp Duty Land Tax and is usually payable on purchases above £125,000. Between 1st July and 30th September 2021, first time buyers will pay no Stamp Duty on properties up to £300,000, whereas next time buyers get Stamp Duty relief on purchases up to £250,000. Normal Stamp Duty rates will resume from 1st October 2021.
  • Wales’ equivalent is called the Land Transaction Tax, and applies to properties over £180,000. This doesn’t apply to anyone purchasing an additional property.
  • Scotland has the Land & Buildings Transaction Tax, which applies to properties over £145,000, or £175,000 for first time buyers.
  • England and NI 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 and Wales it’s charged at 4%.
  • Please note that if you’re currently living overseas an additional Stamp Duty Land Tax charge may apply for purchases in England and NI. Please consult your solicitor for further information.

The calculator below reflects the appropriate Land Tax to be paid if your purchase completes after 30th June 2021. If you’re buying a property in England or Northern Ireland, should your purchase complete after 30th September 2021 then the Land Tax to be paid may be higher than that shown. 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.

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Stamp duty calculator
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