Stamp Duty

What is Stamp Duty?

Stamp Duty is a tax due when buying property and land in the UK.

How is it paid?

You pay your Stamp Duty via your Solicitor/conveyancer .

How is Stamp Duty calculated?

Since 4th December 2014, you only pay the rate of tax on the part of the property price within each tax band.

From 1 April 2016, the Second home/Buy to Let rates were introduced and are 3% above the current Stamp Duty Land Tax residential rates. They are charged on the portion of the value of the property that falls into each band.

From 22 November 2017, first time buyers buying properties under £500,000 don’t pay any stamp duty up to £300,000, then 5% on the portion from £300,001 to £500,000.


First time buyers

You are eligible if you, and anyone else you’re buying with, are first-time buyers and purchasing a property up to £500,000.

Band First time buyer
Up to £300,000 0%
£300,001 and up to £500,000 5%

Standard residential and second home

Band Standard Buy-to-let/second home
Up to £125,000 0% 3%
Above £125,000 and up to £250,000 2% 5%
Above £250,000 and up to £925,000 5% 8%
Above £925,000 and up to £1,500,000 10% 13%
Above £1,500,000 12% 15%

Join The Discussion

Compare listings