Stamp duty land tax calculator
Use our handy stamp duty calculator to help you calculate the cost of your move. Just enter the price of the property and click on calculate.
You will have to pay Stamp Duty Land Tax on any residential property you purchase that costs over £125,000*. The amount you need to pay will depend on the value of the property and you will pay between one and four per cent of the total purchase price:
| Property Purchase Price | Rate of Stamp Duty Land Tax |
| Up to £125,000 | 0% |
| £125,001 - £250,000 | 1% |
| £250,001 - £500,000 | 3% |
| £500,001 or more | 4% |
If you live in a government designated disadvantaged area you don’t have to pay Stamp Duty Land Tax on any property priced at £150,000 or less. For more information visit the HMRC site
If not, then simply enter the purchase price of your house:
Details about the new tax
1st December 2003 saw the implementation of the new Stamp Duty Land Tax which has major implications on the house buying and selling process. This replaces the Stamp Duty tax that has been in existence for many years. The details of the new tax are as follows:
- An SDLT Return must be completed and signed personally by the buyer before exchange of contracts (71 questions to be answered), this resembles an Income Tax Return, clients will probably need their solicitor's help to complete this and there will be additional costs involved in providing this assistance.
- Any Grant of a Lease, including the extension of a lease where the average Ground Rent, (including anything else described as "Rent") will exceed £600, the flat owner will have to pay an additional 1% of the consideration irrespective of any of the thresholds.
- Any Lease extensions will be subject to a charge to SDLT on the usual Stamp Duty rates to the landlord on the surrender value and to the flat owner on the value of the property after extension. This means that if the current lease is worth £100,000 and the extended lease is worth £120,000, the landlord and the owner must pay £1000 and £1200 respectively SDLT. If a lease is extended at the time of a purchase and the buyer is paying the SDLT payable by the landlord and on the extended value as well as on the purchase price, this will represent nearly a 3% charge on the value of the price plus 1% of the consideration for the extension if the Ground Rent in any one year exceeds £600.
- There will be a requirement on the legal advisor to ensure that evidence is provided, in the form of a written valuation from a surveyor or valuer, as to the value of the property. SDLT will be payable on the value irrespective of the actual price paid - a good price achieved by a buyer will mean that SDLT is payable on the market price.
- Any significant apportionment of the price for extras such as fixtures and fittings must be evidenced by a written valuation by a qualified valuer.
- SDLT is payable when the buyer moves in or pays 90% of the purchase price irrespective of the legal completion date.
- Except where developers are exempt, there will be no relief from SDLT for part-exchanges.
- All existing clients will need to be advised of the changes in the law and we will not be able to guarantee the amount of SDLT payable at the outset of the transaction.
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Millers Road, Brighton, BN1 5NP
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