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.
Since November 2017 an incentive to help First-Time Buyers (including purchases made under a Shared-Ownership scheme) applies so that purchases up to £300,000 attract zero SDLT and purchases between £301,000 and £500,000 receive a £5,000 SDLT discount. (The SDLT on First-Time purchases above £500,000 remains unchanged).
On 8 July 2020 the Chancellor of the Exchequer announced a temporary reduction on stamp duty rates due to COVID-19, and further extended the scheme in the March 2021 budget. These rates apply to all property purchases completed between 8-July-2020 and 30-June-2021, with a lower reduction applying for the subsequent period until 30-September-2021.
Enter the property Purchase Price into the form below to calculate the Stamp Duty Land Tax (SDLT) due.