Stamp Duty is a tax you might have to pay if you buy a residential property or a piece of land in England and Northern Ireland.

In July 2020 the government released plans for a Stamp Duty Holiday, where the threshold for the nil rate band for Stamp Duty Land Tax (SDLT) on residential properties was increased to £500,000. This finished on 30th June 2021, but did not automatically return to the standard rate.

Between 1st July 2021 and 30th September 2021 this threshold reduced to £250,000 and applies whether you are a first-time buyer or have previously owned a property.

On 1st October 2021 the threshold for the nil band rate of SDLT returns to £125,000.

Properties costing more than the current threshold will pay the Stamp Duty rate based on the value of the property over that threshold. If you’re buying a second home, you’ll still pay Stamp Duty on a property costing more than £40,000 at the revised rates – paying an extra 3%.

This tax applies to both freehold and leasehold properties – whether you’re buying outright or with a mortgage. If you’re buying a property in Scotland, you will pay Land and Buildings Transaction Tax (LBTT) and in Wales Land Transaction Tax (LTT) instead of Stamp Duty.

*Stamp Duty Calculator

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Please note: This calculator is provided as a guide only on how much stamp duty land tax you will need to pay in England and Northern Ireland. It assumes that the property is freehold and for residential purposes. The stamp duty rates are correct as of 26th September 2020. To double check please see the Stamp Duty Calculator website.
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