Stamp duty calculator - How much is stamp duty?
Tax is payable when you purchase a property above a certain value. The amounts can be quite significant and you’ll have to factor this into your budget when considering how much deposit you need to buy a house.
The actual name of the tax and the rates applied depend on where you’re buying in the UK, whether you’re a first time buyer and, if not, how many properties you currently own.
- In England and Northern Ireland, it’s known as Stamp Duty Land Tax.
- Wales’ equivalent is called the Land Transaction Tax.
- Scotland has the Land & Buildings Transaction Tax.
- For those buying additional properties such as second homes or Buy to Let, England, NI, Scotland and Wales all impose a surcharge. The amounts vary between jurisdictions.
- If you’re currently living overseas an additional Stamp Duty Land Tax charge may apply for purchases in England and NI. Please consult your solicitor for further information.
The calculator and information below reflects the appropriate Land Tax to be paid if your purchase completes after 23rd September 2022. L&C is not able to advise on tax matters and we recommend you take specialist advice on the Land Tax level which may be applicable to your circumstances.
Important notice
Our stamp duty calculator shows rates for individuals buying residential property. Different rates can apply if you are buying through a limited company and you should consult an accountant if you are considering doing this.
If you complete on a mortgage through L&C, L&C will be paid a commission by the chosen lender. L&C will share a percentage of this commission with the referring third party. The commission L&C receives doesn't affect the product or rate recommended to you.