Stamp duty for first time buyers has been abolished for most purchasers.
Stamp duty for buy to let property has increased substantially from April 2016.
Stamp duty for second homes also attracts a 3 percent surcharge from April. Mobile homes, caravans and houseboats are exempt.
Stamp duty refunds are available for home movers replacing their main residence. The original home must be sold within 3 years.
Calculate stamp duty (SDLT) in England and Northern Ireland with our instant stamp duty calculator.
Calculate how much stamp duty you will pay:
A stamp duty refund may be available if you are moving house. The refund can be claimed online, or by post, and must be submitted within 12 months after the sale of your previous home.
Full qualifying criteria can be found in our moving house section.
Stamp Duty Land Tax (SDLT) is a tax levied on the purchase of property in England and Northern Ireland.
SDLT is a progressive tax and is charged at different rates depending on the purchase price of a property. There are a number of stamp duty tax bands with rates progressively rising from lower to higher bands.
The freehold residential stamp duty rates in England and Northern Ireland are shown in the table below:
|Tax Band||Normal Rate||Additional Property|
|less than £125k||0%||3%*|
|£125k to £250k||2%||5%|
|£250k to £925k||5%||8%|
|£925k to £1.5m||10%||13%|
|rest over £1.5m||12%||15%|
|* An additional property purchased for less than £40k will attract 0% tax. For purchases from £40k to £125k the SDLT rate will be 3% on full purchase price.|
Stamp duty rates have increased for anyone purchasing an additional property. From April 2016 a 3% surcharge has been applied on top of the normal SDLT rate.
Stamp duty for most first time buyers has been permanently abolished. For qualifying criteria, calculations and rates please visit our stamp duty for first time buyers page.
Stamp duty now needs to be paid within 14 days after completing on a property purchase. The 14 day period for submitting a stamp duty return has been effective from March 2019 and has been reduced from 30 days.
In reality the reduced time frame should not have a significant impact on individuals. This is because most SDLT returns will be submitted by a solicitor or conveyancer acting on behalf of their client.
Stamp duty revenue has generally been on an upward trend over the last 40 years. Following on from the extensive stamp duty reform in 2014, stamp duty receipts continue to rise.
In 2017/18 stamp duty generated roughly £12.9 billion for the Government. This figure is forecast to rise to approximately £16 Billion in 2023/24.
Land and Buildings Transaction Tax (LBTT) has replaced stamp duty in Scotland. For more information, calculations and rates please visit our LBTT calculator page.
From April 2018 Land Transaction Tax (LTT) has replaced stamp duty in Wales. For the latest LTT information, rates and calculations please visit our LTT calculator section.
Stamp duty calculations with new stamp duty thresholds. One ckick SDLT Calculations!
Following Changes in 2018, Land Transaction Tax (LTT) has replaced Stamp Duty in Wales.