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Stamp Duty Land Tax

To find out the amount you will have to pay in Stamp Duty Land Tax from the 23rd September 2022 visit www.gov.uk/stamp-duty-land-tax and use the Stamp Duty Calculator.

Please note all stamp duty calculators are currently being updated.  

The new rates are:
Homeowners:
Upto £250,000 = 0%
£250,001 to £925,000 = 5%
£925,001 to £1.5mil = 10%
£1.5 mil plus = 12%

First Time Buyers:
Upto £425,000 = 0%
£425,001 to £925,000 = 5%
£925,001 to £1.5mil = 10%
£1.5 mil plus = 12%

Investors or Multi Homes:
An additional 3% is payable on the standard rate applicable.

Buyers of second homes and Investors will pay an additional rate of 3% on top of the standard rate.

On 23rd September 2022, the Chancellor announced permanent reductions to the Stamp Duty rates. The level at which you do not have to pay Stamp Duty on a home has doubled from £125,000 up to £250,000. If you are a first time buyer, the level is now set at £425,000.

These changes will take effect immediately

Example for Homeowners:
Stamp Duty Old Rate on £410,000   = £10,500
Stamp Duty New Rate on £410,000  = £ 8,000
Saving = £ 2,500

Example for First Time Buyer:
Stamp Duty Old Rate on £410,000    = £5,500
Stamp Duty New Rate on £410,000  =  £0
Saving = £5,500

Stamp Duty Land Tax is a tax, paid by the buyer to the Government, on all property purchases.