Stamp Duty Calculator
If you're moving home or buying a property, it's important that you know how much Stamp Duty you'll need to pay so that you can budget for this before making a final offer.
From July 8th 2020, the government announced that no stamp duty will be due, for purchases under £500,000. This is a temporary rise in the stamp duty threshold which applies only to main residences and will last until March 31st 2021.
First Time Buyer
Your stamp duty as a first time buyer would be
Your stamp duty from 1st April 2021 will be
Not a First Time Buyer
Home 1 stamp duty would be
Your stamp duty from 1st April 2021 will be
Home 2 stamp duty would be
Your stamp duty from 1st April 2021 will be
Please be aware, your results are only an estimate and should not be considered as a mortgage quote.
*Please note: For purchases under £500,000, these breakdown illustrations do not include current threshold reliefs.
First Home (First Time Buyer)
| Property Price | Rate | Tax Calculation |
|---|---|---|
| £0 - £300,000 | 0% | |
| £300,000.01 - £925,000 | 5% | |
| £925,000.01 - £1,500,000 | 10% | |
| £1,500,000 + | 12% |
Main Residence
| Property Price | Rate | Tax Calculation |
|---|---|---|
| £0 - £125,000 | 0% | |
| £125,000.01 - £250,000 | 2% | |
| £0 - £500,000 | 5% | |
| £925,000.01 - £1,500,000 | 10% | |
| £1,500,000 + | 12% |
Second Home
| Property Price | Rate | Tax Calculation |
|---|---|---|
| £0 - £125,000 | 3% | |
| £125,000.01 - £250,000 | 5% | |
| £250,000.01 - £925,000 | 8% | |
| £925,000.01 - £1,500,000 | 13% | |
| £1,500,000.01 + | 15% |
Because we play by the book we want to tell you that…
Your home may be repossessed if you do not keep up repayments on your mortgage.
There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.
The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.