Stamp Duty Calculator

Are you a first time buyer?
Is this your first or second home?
Where are you buying the property?
Brackets Rate Duty
£0-£250,000 0%
£250,001-£925,000k 5%
£925,001-£1.5m 10%
£1.5m+ 12%

New temporary changes to Stamp Duty Land Tax in England and Northern Ireland

Residential rates on purchases from 1 July 2021 to 30 September 2021

If you purchase a residential property between 1st July 2021 to 30 September 2021, you only start to pay Stamp Duty Land Tax (SDLT) on the amount that you pay for the property above £250,000. This means any buyer purchasing a primary residential property from 1 July 2021 to 30 September 2021, up to the value of £250,000 will be exempt from paying Stamp Duty.

​Depending on your circumstances, the tax thresholds change, for example, the price of the property and whether you are buying an additional property, will impact on the amount of tax you pay.

You can use the below table to work out the SDLT due:

 

In addition to the above, there is a discount relief for individuals buying their first home from the 1 July 2021. This means that there will be no SDLT payable on first homes up to the value of £300,000 and 5% SDLT will be payable on properties with a value between £300,001 to £500,000. If the purchase price is above £500,000, then the Stamp Duty table above applies, following the rules for those who’ve bought a home before.

View a selection of homes under £925,000

 

 

Second homes

When it comes to purchasing a second home, the higher additional rates remain with a 3% higher rate on top of the newly revised standards. So, if you are purchasing a holiday home up to the threshold value of £250,000 you will pay 3% SDLT.  Those buying a second home over the threshold will pay 8% on the portion from £250,001 to £925,000, 13% on the portion from £925,001 to £1.5 million, and 15% on the remaining portion over £1.5 million.

Visit gov.uk for more information


 

Leasehold sales and transfers

On new leasehold sales and transfers, the nil rate band which applies to the net present value of any rents payable for residential property is also increased to £500,000 until the 30 September 2021. A SDLT of 1% will be charged on any net present value of any rent over the threshold.


Residential properties

Companies purchasing residential property under the £250,000 threshold will also be exempt from the paying SDLT. In addition companies that buy a residential property of any value that meets the relief criteria from the corporate 15% SDLT will also benefit from the change made.

From 1 October 2021, the SDLT holiday will come to an end and the SDLT regulations will revert to what they were before these temporary changes were announced.

As there are many different types of stamp duty tax, we have created a stamp duty calculator to help you work out how much you will have to pay for the property you buy. Simply fill out the purchase price and see what your tax will be.

 

 

Land Transaction Tax in Wales 

Land Transaction Tax (LTT) is payable when you buy or lease a building or land over a certain price in Wales. From 27 July, no tax is paid on the first £250,000 of a property, however, it increases to 5% up to £400,000, 7.5% up to £750,000, 10% up to £1,500,000 with any amount thereafter taxed at 12%. 

Higher residential tax rates 

As of 22 December 2020, a 4% surcharge applies to transactions involving the purchase of an additional property up to £180,000. This includes second homes and buy-to-let investments. A surcharge of 7.5% applies to properties in the threshold of £180,001 to £250,000, a 9% surcharge on properties between £250,001 and £450,000, 11.5% on properties between £450,001 and £750,000, 14% on properties between £750,001 and £1.5m and a 16% surcharge thereafter.  

LTT does not apply to rents payable under a lease for residential property. 

If you already own at least one residential property, you may need to pay the higher residential rates when you purchase a residential property.

If you are replacing your main residence, the higher rates may not apply. 

 

Land and Buildings Transaction Tax in Scotland 

Land and Buildings Transaction Tax (LBTT) operates slightly differently to SDLT in England and Northern Ireland or LTT in Wales, as it requires buyers to pay tax on amounts between bands, as opposed to the full purchase price of a property.  

The following changes have been made as of 1 April 2021.  

The first £145,000 will be exempt from tax when purchasing your primary property. Between £145,001 and £250,000, you will pay 2% LBTT, and then 5% on the amount between £250,001 and £325,000, and then 10% on the amount between £325,001 and £750,000 with any amount thereafter taxed at 12%. 

Since 30 June 2018, first-time buyers in Scotland have benefited from a relief on LBTT. This raises the zero-tax threshold for first-time buyers from £145,000 to £175,000. 

To find out how much you will be required to pay for your new home, simply fill out the form on our Stamp Duty Calculator, selecting where you are buying the property from the dropdown of options. 

Stamp Duty FAQs


How do I pay Stamp Duty?

Your solicitor will usually deal with your Stamp Duty return and any related payments, although this can be done yourself. The most important thing is that your Stamp Duty is submitted and paid on time.


When do I pay Stamp Duty?

This is an important question, and it is crucial to know that wherever in the UK you’re buying a property, you have 30 days from the date you of competition to pay the full stamp duty fee. If you take longer, you will be faced with a fixed penalty, and you will pay a tax-based penalty as well as the fixed penalty. It is really important that you pay your Stamp Duty fee on time.


Can I add Stamp Duty to my mortgage?

This mainly depends on your personal circumstances. It is best that you don’t add it to your mortgage, however, many people do as they have to. Adding the Stamp Duty fee to your mortgage will essentially mean that you need to borrow more when your mortgage is being taken out. You will use your ‘extra’ deposit money to pay the Stamp Duty.
 

I’m purchasing a second home, how much Stamp Duty do I need to pay?

Buyers of additional residential properties, this includes second homes and also buy-to-let properties, will be required to pay a different percentage. Use our calculator above to find out more.

FINE & COUNTRY LIFESTYLE

DISCOVER MORE ABOUT FINE & COUNTRY

OUR DIGITAL FRONT DOOR IS STILL OPEN


While we are all protecting our communities and respecting social-distancing measures by closing many of our offices around the world, our digital front door is still open.

We still carry out virtual viewings and valuations.

Discover more »

facebook_post_np_logo
forsaleweb

SELLING YOUR PROPERTY


Selling your home is one of the most important decisions you make; your home is both a financial and emotional investment. Find out how we can help »

TAKE THEIR WORD FOR IT


An overwhelming majority of those who had used Fine & Country would recommend our services to a family member or friend, according to our most recent survey taken by members of the public.

To achieve 99.48% positive feedback is a privilege and we will endeavour to maintain this result. We are dedicated to offering the best possible services to every customer, whether buyer or seller, from beginning to end.

facebook-post_1200x628_v3
office_window

INDEPENDENT EXPERTISE


Every Fine & Country agent is a highly proficient and professional independent estate agent, operating to strict codes of conduct and dedicated to you. They will assist, advise and inform you through each stage of the property transaction.

GLOBAL EXPOSURE


With offices in over 300 locations worldwide we combine the widespread exposure of the international marketplace with national marketing campaigns and local expertise and knowledge of carefully selected independent property professionals.

staff
magazine

UNIQUE MARKETING APPROACH


People buy as much into lifestyle of a property and its location as they do the bricks and mortar. We utilize sophisticated, intelligent and creative marketing that provides the type of information buyers would never normally see with other agents.

PARK LANE OFFICE


Access the lucrative London and international investor market from our prestigious Park Lane showrooms at 121 Park Lane, Mayfair. Our showrooms in London are amongst the very best placed in Europe, attracting clients from all over the world.

MULTI-AWARD WINNING


Our consistent efforts to offer innovative marketing combined with a high level of service have been recognised by the industry for an astounding fifth year in a row, winning Best International Real Estate Agency Marketing at the International Residential Property Awards.

awards_stone
Independent customer reviews


OVER 300 LOCATIONS WORLDWIDE

Our International Network


Connecting offices on over 300 locations worldwide, our referral system combines local knowledge and expertise with an international network to find the right buyer for you wherever they are, at the same time as finding you your ideal next move

Our International Websites

United KingdomFranceHungaryCyprusGermanySpainPortugalMauritiusHong KongThailandNamibiaNigeriaSouth AfricaAustraliaFloridaZimbabwe

SOCIAL MEDIA

We interact with customers on the main social media channels including Facebook, Twitter, YouTube, LinkedIn and Pinterest, giving each property maximum online exposure.

 

FINE & COUNTRY SERVICES

FINE & COUNTRY
INTERIOR DESIGN


Access Fine & Country Interior Design to put your property ahead and make it stand out. With expert advice from some of London’s best stylists and designers we will make sure it makes a statement. Or if you’re purchasing with us, let F&C ID help make your new house feel like home by helping you find the very best specialists and designers for property refurbishment. Find out more »

development_image1
ifx_3s

FINE & COUNTRY
FOREIGN EXCHANGE


We have partnered with Rational FX, one of the world’s leading foreign exchange specialists to provide private and tailored currency services for all of our clients buying and selling luxury property around the world. Find out how we can help »

BUYING AGENT SERVICE


We understand that your time is precious, so save the time, money and stress of searching for a property with a buying agent. Also giving you access to off-market and discreetly marketed properties.

adobestock_297199643_hd
media_thumb_crop

MEDIA CENTRE


Our internal Media Centre is a team of experienced press relations managers and copy writers dedicated to liaising with newspapers, magazines and other media outlets to gain extensive coverage for our properties in national and local media.

FINE & COUNTRY PUBLICATIONS

THE FINE & COUNTRY FOUNDATION


The Fine & Country Foundation is dedicated to supporting and funding homeless causes in the UK and overseas. Fine & Country offices organise a range of fundraising events for you to get involved in and/ or support. Find out more about our work here. Read more »

*Please, note: for security reasons, the maps on this website do not provide the exact location of the property and they are provided solely as an indication of area.