(Effective Rate 0%)
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price above £125,000 when you buy residential property, for example a house or flat.
There are different rules if you’re buying your first home and the purchase price is £500,000 or less.
Use the above SDLT calculator to work out how much tax you’ll pay.
|Purchase price of property||Rate of stamp duty|
|£0 - £125,000||0%|
|£125,001 - £250,000||2%|
|£250,001 - £925,000||5%|
|£925,001 - £1.5 million||10%|
|Over £1.5 million||12%|