1. What is stamp duty and who pays it?

  • Stamp Duty — Stamp Duty Land Tax (SDLT) official jargon — is a tax you pay when you buy a home
  • The buyer pays stamp duty –  not the person selling
  • Stamp duty applies to both freehold and leasehold purchases over £125,000

2. How much stamp duty do I have to pay?

See the table below for current stamp duty rates.

Higher rates of stamp duty are charged on the purchase of additional properties like buy-to-lets and second homes. Tick the box on the calculator to the right.

Calculating Stamp Duty

Stamp duty is calculated in the same way income tax works.  For example, if the agreed purchase price is £275,000, stamp duty (if this is the first property you own) is calculated as follows:

0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £   25,000 = £1,250
Total stamp duty payable = £3,750

To calculate how much stamp duty you will need to pay, use our free stamp duty calculator

**Please do not rely fully on this calculator and always check with your solicitor/conveyancer**