Calculate how much stamp duty you may have to pay
or in some cases how much you can save!
If you are buying a property with a purchase price of £250,001 or more then you may qualify for a Stamp Duty Mitigation scheme. To speak with a qualified and register lawyer about this please complete enquiry form and you will receive a no obligation quote. All Stamp Duty mitigation enquiries are passed to a qualified and registered lawyer in the UK that specialises in this subject.
Residential land or property SDLT rates and thresholds for 2012
Purchase price / lease premium or transfer value SDLT rate
- To £125,000 £0
- Over £125,000 to £250,000 1%
- Over £250,000 to £500,000 3%
- Over £500,000 to £1m 4%
- Over £1m to £2m 5%
- Over £2m 7%
Commercial / mixed use Stamp Duty Rates
Purchase price / lease premium or transfer value SDLT rate
- Up to £150 000 / annual rent is under £1000 £0
- Up to £150 000 / annual rent is £1000 or more 1%
- Over £150,000 to £250,000 1%
- Over £250,000 to £500,000 3%
- Over £500,000 4%
If the value is above the payment threshold, SDLT is charged at the appropriate rate on the whole of the amount paid. For example, a house bought for £125,100 (by someone who is not a first-time buyer) is charged at 1 per cent, so £1,251 must be paid in SDLT. A house bought for £400,000 is charged at 3 per cent, so SDLT of £12,000 is payable. If you are buying a property above £500,000 stamp duty is charged at a rate of 4% on the total purchase price of the property, if the purchase price is £550,000 then Stamp Duty will be £22,000.
Read more about how to save stamp duty via a mitigation scheme.