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Different rates apply in Scotland - from 1st April 2015, Stamp Duty Land Tax (SDLT) has been replaced by Land and Buildings Transaction Tax (LBTT).