SDLT Calculator

Do you know your Stamp Duty Rates? Use our simple SDLT Calculator to find out your moving costs

Stamp Duty Land Tax (SDLT), known simply as Stamp Duty, must be paid by law on the transaction of any property in the UK. To find out the amount of Stamp Duty you will need to pay on the purchase of your next property, our SDLT Calculator is a simple and quick solution.

To calculate the stamp duty due to be paid on your next property, you need to simply type in the purchase price of the property into the calculator and the result will be on your screen in no time.

From April this year, those buying a second home or a buy-to -let property will have to pay a 3% surcharge on each stamp duty band. That means that for properties worth between £125,000 and £250,000, where the stamp duty is 2%, those buying a second home or buy-to-let property will pay 5%, and for properties worth more than £250,000 and up to £925,000, where the stamp duty is 5%, those buying second home or buy-to-let property will pay 8%. To find out more click here.

Two years ago, in 2014 the way stamp duty rates for residential purchases are calculated within England and Wales were changed. The old structure was replaced with a progressive scale of charges levied on all transactions over £125,000. The new percentages apply to the value above each threshold up to the full purchase price, for example, in the same way that income tax operates.

Purchase price bands (£) SDLT (%) Second Property SDLT (%)
Up to £125,000 0% 3%
Above £125,000 and up to £250,000 2% 5%
Above £250,000 and up to £925,000 5% 8%
Above £925,000 and up to £1,500,000 10% 13%
Above £1,500,000 12% 15%

After calculating the Stamp Duty on the property, it is essential to find out more about it. Firstly, is the vendor asking the correct market price. It could be that they are trying to make a larger profit by inflating the price slightly, so have a good look around similar properties for sale nearby to see if the price is correct. Also, you will need to employ a trusted conveyancer to oversee the process on your behalf.

To find out how much stamp duty you will have to pay use our calculator