Coronavirus Read our latest advice

We use cookies to allow us and selected partners to improve your experience and our advertising. By continuing to browse you consent to our use of cookies. You can understand more and change your cookies preferences here.

Stamp duty calculator

Use our stamp duty calculator to find out how much tax you'll pay.

In this article
Stamp duty calculator COVID-19: stamp duty rates until 31 March What is stamp duty? Video: how stamp duty works Home mover stamp duty rates
First-time buyer stamp duty rates Buy-to-let stamp duty rates When and how do I pay stamp duty? HMRC stamp duty transactions

Stamp duty calculator

Enter the price, location and purpose of the property you're buying and our stamp duty calculator will tell you how much tax you'll have to pay on it.

COVID-19: stamp duty rates until 31 March

Stamp duty thresholds across the UK have been temporarily increased, as the government seeks to reignite the property market in the wake of the COVID-19 outbreak.

England and Northern Ireland

Until 31 March 2021, homebuyers won't need to pay on the first £500,000.  

The temporary rates for people buying main residences in England and NI between now and the end of March 2021 are shown in the table below.

If you're purchasing a buy-to-let property or second home, you'll pay 3% extra on each band.

Portion of property price Stamp duty rate
£0-£500,000 0%
£500,001-£925,000 5%
£925,001-£1.5m 10%
£1.5m+ 12%


Scotland

Until 31 March 2021, homebuyers won't need to pay Land and Buildings Transaction Tax on the first £250,000.  

The temporary rates for people buying homes in Scotland up to 31 March 2021 are shown below.

If you're purchasing a buy-to-let property or second home, you'll pay 4% extra on each band.

Portion of property price LBTT rate
£0-£250,000 0%
£250,001-£325,000 5%
£325,001-£750,000 10%
£750,001+ 12%

 

Wales

Between 27 July 2020 and 31 March 2021, homebuyers won't need to pay Land Transaction Tax on the first £250,000.

The temporary rates for people buying main homes in Wales between these dates are shown below.

The changes do not apply to people purchasing buy-to-let properties or second homes, who will continue to pay the current buy-to-let rates.

Portion of property price LTT rate
£0-£250,000 0%
£250,001-£400,000 5%
£400,001-£750,000 7.5%
£750,001-£1.5m 10%
£1.5m 12%

 

What is stamp duty?

Stamp duty is a tax that you have to pay when buying property in England or Northern Ireland.

Stamp duty is tiered, meaning that you pay different rates on different portions of the property price.

You'll also pay different rates depending on whether you're a first-time buyer, home mover or buying a buy-to-let, second or holiday home.

 

Video: how stamp duty works

Home mover stamp duty rates

**Stamp duty rates have been temporarily cut: see here for rates until 31 March 2021.**

When you buy a property you're planning to live in (and you've owned a property before), you'll pay the following rates on each portion of the property price:

  • £0-£125,000: 0%
  • £125,001-£250,000: 2%
  • £250,001-£925,000: 5%
  • £925,001-£1.5m: 10%
  • Over £1.5m: 12%

undefined
Take a look at this example to see how it works:

  • Property price: £275,000
  • Portion 1 (£0-£125,000): 0% tax, so total stamp duty paid for this portion of the purchase price = £0
  • Portion 2 (£125,000.01-£250,000): 2% tax, so stamp duty for this portion = £2,500
  • Portion 3 (£250,000.01-£275,000): 5% tax, so stamp duty for this portion = £1,250
  • Total paid: £278,750 (£3,750 of which is stamp duty)

Stamp duty surcharge for overseas buyers

From 1 April 2021, overseas-based buyers of residential property in England and Northern Ireland will need to pay an extra 2% on top of the standard stamp duty rates, under measures announced in the 2020 Budget. 

First-time buyer stamp duty rates

**Stamp duty rates have been temporarily cut: see here for rates until 31 March 2021.**

Since November 2017, people buying their first home for less than £300,000 haven't had to pay any stamp duty at all.

First-time buyers purchasing properties for between £301,000 and £500,000, meanwhile, don't have to pay stamp duty on the first £300,000. Stamp duty of 5% will be charged on the amount between that and £500,000.

First-timers buying homes for more than £500,000 will have to pay stamp duty at the standard home mover rates.

undefined

These rules mean that first-time buyers could save up to £5,000 on their stamp duty bill. The table below explains how much you'll save based on the price of your property. 

Property price Home mover stamp duty cost First-time buyer stamp duty cost Saving
£200,000 £1,500 £0 £1,500
£300,000 £5,000 £0 £5,000
£400,000 £10,000 £5,000 £5,000
£500,000 £15,000 £10,000 £5,000
£600,000 £20,000 £20,000 £0

 

First-time buyer stamp duty FAQs

 

Can I use the first-time buyer stamp duty relief for buy-to-let?

 

The first-time buyer stamp duty exemption/discount only applies if you're planning to use the property as your main residence.

If you're buying a buy-to-let property as a first-time buyer you will be charged home mover stamp duty rates.

 

Who counts as a first-time buyer?

 

To qualify for the first-time buyer stamp duty relief, you must never have owned a residential property before.

Owning residential property means holding an interest in a dwelling, whether freehold or leasehold - so, even if you only own part of a property, or you've inherited a property, these things still count as 'holding an interest', and would mean you're not considered a first-time buyer.

 

Do I qualify for stamp duty relief if I don't currently own a home?

 

The criteria requires first-time buyers to have never owned residential property before.

If you've ever owned a property - even if you then sold it and are now renting - you won't qualify for the relief.

You also won't qualify if you own or have previously owned a buy-to-let property.

 

Do I qualify for stamp duty relief if I previously owned a home outside England or Northern Ireland?

 

If you've ever owned a residential property anywhere in the world, you won't be considered a first-time buyer.

 

Do I qualify for stamp duty relief if I inherited or was gifted a property?

 

Unfortunately not: the rules are based on whether you have owned, rather than bought, a property before.

 

Do I qualify if I previously owned a share or interest in a property?

 

Under the legislation, anyone who has ever owned an 'interest' in a residential property is excluded from the relief.

Shared ownership schemes, or buying with a family member or partner, would count within these criteria.

 

Will I get stamp duty relief if my partner owns a home?

 

If you're buying with another person, every single purchaser must be a first-time buyer. Otherwise, stamp duty will be payable on the property at the standard rates. 


Buy-to-let stamp duty rates

**Stamp duty rates have been temporarily cut: see here for rates until 31 March 2021.**

Unless you're a first-time buyer or purchasing a property for £40,000 or less, anyone buying a second home, holiday home or buy-to-let property - i.e. any property that won't be your primary residence - has to pay an extra 3% on each tier of stamp duty.

First-time buyers purchasing buy-to-let property will be subject to standard home mover rates.

undefined

Buy-to-let stamp duty for overseas purchasers

From 1 April 2021, overseas-based buyers of property in England and Northern Ireland will need to pay an additional 2% stamp duty surcharge.

Those buying additional or buy-to-let properties will also need to pay the 3% buy-to-let stamp duty surcharge on top - meaning they face a bill of 5% more than the standard rates for UK home movers.

When and how do I pay stamp duty?

Property buyers in England and Northern Ireland have 14 days from the 'effective date' of the transaction (usually the date of completion) to pay their stamp duty bill. If you fail to do this on time, there's an automatic £100 fine.

In Scotland and Wales, buyers have 30 days to make the payment for the equivalent land taxes.

In terms of how you pay, usually your solicitor or conveyancer will handle the stamp duty return for you - but you are still responsible for making sure this is done on time.

You can also submit the stamp duty return yourself by completing a paper return.

If you don't need to pay stamp duty, you won't have to submit a return.

HMRC stamp duty transactions

Stamp duty in England and Northern Ireland is paid to HMRC. Each quarter, it releases Stamp Duty Land Tax statistics, which give an indication of how many transactions are taking place, and how much stamp duty is being paid.

In the 2018-19 tax year, there were 1,036,000 property transactions, with £8.370m paid in stamp duty.

The number of residential property transactions above £40,000, and the amount that's been collected in stamp duty, can be seen in the graph below.

×