If you are purchasing a property, whether it be your first home or a holiday home overseas, you can use our calculator and work out your UK Stamp Duty costs in seconds.
Here is a quick breakdown of the most important information about stamp duty rates:
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property. You will only pay stamp duty on properties costing over £250,000.
The exact amount depends on:
- when you bought the property
- how much you paid for it
- whether you’re eligible for any reliefs or an exemptions
SDLT rates on a single property
These are the rates if this is the only residential property you will own after the transaction. If you one and additional residential property, you usually pay an extra 3% on top
Stamp Duty Rates In England And Northern Ireland
Stamp duty rates in England and Northern Ireland since September 23rd, 2022:
| Purchase Price | Stamp Duty Rate | Stamp Duty Rate For Additional Properties |
| Up to £250,000 | 0% | 3% |
| £250,001 to £925,000 | 5% | 8% |
| £925,001 to £1.5 million | 10% | 13% |
| Over £1.5 million | 12% | 15% |
Work out your UK stamp duty ratesHERE
How Much Is Stamp Duty In Scotland?
Since 1st April, 2021 LBTT rates in Scotland:
| Purchase Price | Stamp Duty Rate | Stamp Duty Rate For Additional Properties |
| Up to £145,000 | 0% | 4% |
| £145,001 to £250,000 | 2% | 6% |
| £250,001 to £325,000 | 5% | 9% |
| £325,000 to £750,000 | 10% | 14% |
| Over £750,000 | 12% | 16% |
First-time buyer relief in Scotland is £175,000. Stamp duty in Scotland is known as ‘land and buildings transaction tax’ (LBTT).
Stamp Duty In Wales?
Stamp duty rates (LTT tax) in Wales:
| Purchase Price | Stamp Duty Rate | Stamp Duty Rate For Additional Properties |
| Up to £180,000 | 0% | 4% |
| £180,001 up to £250,000 | 3.5% | 7.5% |
| £250,001 to £400,000 | 5% | 9% |
| £400,001 to £750,000 | 7.5% | 11.5% |
| £750,001 to £1.5m | 10% | 14% |
| Over £1.5m | 12% | 16% |
In Wales stamp duty is called Land Transaction Tax. There is no first-time buyer relief in Wales.
First Time Buyers
There is a certain discount if the property you buy is your first home (England & Northern Ireland). This means you will pay:
- NO SDLT on a property costing up to £425,000
- 5% SDLT on the portion from £425,001 to £625,000
- If the price is over £625,000, you cannot claim the relief. See the rules for people who’ve bought a home before (above).
You’re eligible if you and anyone else you’re buying with are first-time buyers.
Higher Rates For Additional Properties
You normally have to pay 3% on top of ordinary SDLT rates when buying a residential property in addition to one you already own. Our SDLT calculator will work out the adjusted rates of tax you will pay.
Work out your stamp duty costs HERE
Replacing Your Main Residence.
You do not pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that has already been sold.
If you have not yet sold your main residence by the day you complete your new purchase you’ll have to pay higher rates. This is because technically, you own 2 properties.
HOWEVER, You can apply for a refund if you sell your previous main home within 36 months.
You cannot get a refund if:
- you or your spouse still own any part of your previous home
- the higher rates still apply to you for another reason
When Do You Pay SDLT?
Stamp duty is payable to HMRC 14 days from the date of completion or you may risk a fine. Your conveyancer should take care of this for you and ensure you don’t miss the deadline. Some buyers add on the stamp duty tax amount to their mortgage loan.
Exemptions And Reliefs
In some cases, it may be possible to claim relief from SDLT such as:
- Purchase of multiple dwellings
- A home bought by a building company
- An employee’s home bought by his or her employer
- A property bought by a local authority as a compulsory purchase
- Transfer of a property from one company to another
- Charities, right-to-buy or registered social landlords.
Anyone buying a property, even if it is below the threshold, must fill in and send an SDLT return and pay the tax within 30 days of their completion date.
