Property Stamp Duty Calculator (England)The rate of stamp duty is dependent on the value of a property and is payable by the purchaser when a house is sold. How much stamp duty you will pay is dependent on your circumstances. See below. Stamp DutyStamp duty rates in England for people with only one property have not changed since December 2014. However, From April 2016, the Stamp Duty Land Tax (SDLT) payable on the purchase of any second home or Buy to Let properties was increased by 3%. There may be some exclusions to the increase but we recommend you speak to your solicitor or call us for further clarification.
Following the November 2017 budget, Stamp Duty Land Tax was removed for first time buyers purchasing a property up to £300,000. Stamp duty rates are based on the banding and is a ‘graduated tax’ so a second time buyer would pay no stamp duty on the first £125,000 and then the relevant percentage based on the purchase price. For someone buying a second property, there is no 0% band. Please see the tables and example calculations below: Property Value | Current Stamp Duty Rate | New Rate for BTL and 2nd Properties | Up to £125,000 | 0% | 3% | £125,001 - £250,000 | 2% | 5% | £250,001 - £925,000 | 5% | 8% | £925,001 - £1,500,000 | 10% | 13% | £1,500,000 + | 12% | 15% |
|