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Stamp Duty Land Tax (SDLT) is applicable when purchasing a freehold, leasehold or shared ownership residential property in England. There is no charge when purchasing a main residential property worth less than £125,000. The below stamp duty land tax calculator quickly calculates the amount payable to HMRC when purchasing a property in England which you intend to use as your main residential property.
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Rate | Charge band |
---|---|
0% | Up to £125,000 |
2% | Over £125,000 and under £250,000 |
5% | Over £250,000 and under £925,000 |
10% | Over £925,000 and under £1,500,000 |
12% | Over £1,500,000 |
Stamp duty rates are only applied to the relevant portion of the property purchase value. For instance, a property purchase at £300,000 would result in stamp duty of £5,000 calculated as: £0 on the first £125,000, £2,500 on the next £125,000 (2% * £125,000) and £2,500 on the next £50,000 (5% * £50,000).