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STAMP DUTY

STAMP DUTY

In December 2014, new Stamp Duty rates were introduced and mean that, for the majority of home buyers, you’ll be paying less Stamp Duty when compared to previous rates.

Need to calculate how much Stamp Duty you’ll be paying on your new Countryside home?  
Then try our handy Stamp Duty calculator below, which will not only tell you how much Stamp Duty you’ll need to pay, but also indicate how much you may be saving when compared to previous Stamp Duty rates.

Stamp Duty calculator

Enter property
purchase price:

Stamp duty payable:

Saving of:

Saving compared to pre 04/12/14 Stamp Duty rates

What is Stamp Duty?
Stamp Duty, or Stamp Duty Land Tax (SDLT) to give it its full name, is a charge that applies when purchasing a residential property in the UK, regardless of whether it’s new or second hand.  The amount of Stamp Duty you pay depends on the purchase price, the current rates can be found below.

The new rates only apply to the amount of the purchase price that falls within the particular duty band, whereas with the previous system you would be paying successively higher rates on the entire purchase price, which in most cases is less favourable.

 

Purchase priceRate of SDLT (percentage of portion of purchase price)
£0 - £125,000 0%
£125,001 - £250,000 2%
£250,001 - £925,000 5%
£925,001 - £1.5 million 10%
Over £1.5 million 12%

 

Different rates apply in Scotland - from 1st April 2015, Stamp Duty Land Tax (SDLT) has been replaced by Land and Buildings Transaction Tax (LBTT).