Stamp Duty Land Tax (SDLT) must be paid to HM Revenue and Customs when buying a residential property or land over a certain price in England and Northern Ireland.
Stamp Duty rates are calculated using a tiered banding system whereby a certain percentage is due on the amount of the property value within each band. Since April 2016 a higher rate of SDLT is applied to certain purchases, eg second-homes, resulting in a 3% higher rate across all bands.
An incentive to help First-Time Buyers (including purchases made under a Shared-Ownership scheme) applies so that purchases up to £425,000 attract zero SDLT and purchases between £425,000 and £625,000 receive a £8,750 SDLT discount. (The SDLT on First-Time purchases above £625,000 remains unchanged).
Calculator updated 23 Spetember 2022 to reflect the interim budget changes.
Enter the property Purchase Price into the form below to calculate the Stamp Duty Land Tax (SDLT) due.