Currently residential properties costing more than £125,000, or £150,000 for non-residential land and property, are subject to Stamp Duty.
Stamp Duty Tax is due when you:
On 4th Dec 2014 the way in which SDLT is calc was changed. You now only need to pay the tax percentage within each tax band.
Click on this link for a helpful calculator showing how much Stamp Duty is payable on residential property.
Buy-to-Let and second home properties purchased after April 2016 will be subject to an additional 3% Stamp Duty on each band.
SDLT is payable to the HMRC within 30 days of completion.
Your solicitor, agent or conveyancer will usually file your return and pay the tax on your behalf on the day of completion and add the amount to their fees. Check with your chose solicitor regarding the process they recommend for the payment of any Stamp Duty monies you owe.
Use the calculator to find out what you will have to pay in Stamp Duty Land Tax. To help you find out if you save anything with the new stamp duty rates, we have compared the new amount with the pre-December 2014 rates for you.
Your Stamp Duty Bill
under the old stamp duty rates, you would have paid:
adjust the slider to see the savings