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How is stamp duty calculated?

Since December 4th 2014, the rules regarding the payment of stamp duty have changed.

The payment is now calculated based on a rising gradient system, similar to income tax.

The payments are as follows:

Property or lease premium or transfer value SDLT rate:

Up to £125,000 - Zero
The next £125,000 (the portion from £125,001 to £250,000) - 2%
The next £675,000 (the portion from £250,001 to £925,000) - 5%
The next £575,000 (the portion from £925,001 to £1.5 million)  -10%
The remaining amount (the portion above £1.5 million) - 12%

To make things easier, we suggest you use the government's stamp duty calculator. It can be all important when setting your home-hunting budget!

The price of the property

Are you a first time buyer?

Property is a buy to let or second home

Stamp Duty to pay is:

£0 GBP

(Effective rate 0%)

First Time Buyers pay no stamp duty up to £425,000 and on property purchases up to £625,000.

Purchase price of the property Rate of Stamp Duty

£0 - £250,000


£250,001 - £925,000


£925,001 - £1,5 million


Over £1,5 million


How is this calculated?

Under the latest government rules you may pay Stamp Duty at several different rates, depending on the purchase price. Under the old rules, there were several different Stamp Duty rates, but you as a homebuyer, paid the same rate on the whole purchase price.