We know that working out how much Stamp Duty Land Tax (SDLT) you pay when buying a home is confusing. Simply pop your details into the stamp duty calculator and see how much stamp duty you'll pay. Spoiler alert, we’ve got some good news if you’re a first-time buyer - you won't have to pay Stamp Duty on properties below £425,000 and you'll have a discounted rate below £625,000.
Stamp Duty rates have been subject to quite a lot of change over the past few years since the pandemic started in 2020 so you’d be forgiven for not knowing what they were off the top of your head. That’s why we’re here with the facts and the handy SDLT calculator to take the hard work out of it for you.
Stamp Duty is calculated using a few different factors. Here's some examples;
For a comprehensive list, always check out the Gov.uk website for the most up to date Stamp Duty information.
If you’re looking for a buy-to-let Stamp Duty calculator or you’re searching ‘Stamp Duty calculator second home’ when planning to buy another property, then things might be a bit different in your circumstances as Stamp Duty also takes into account the following.
We pay Stamp Duty because it’s a Government tax. The Government charges different taxes in order to fund other areas the country needs. It was introduced in 2003 as a charge on ‘land transactions’, and applies to purchases of:
There you have our handy Stamp Duty Land Tax calculator. If you have any more questions about mortgages in general, how the process works or how to improve your credit score, for example, we have a whole host of informative articles over in our mortgage guides section.Read our mortgage guides
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