Stamp Duty Guide

How much Stamp Duty will I need to pay when selling my property?

Stamp Duty Land Tax (SDLT) is the tax you have to pay when buying a property. If the property is purchased for less than £125,000 there is no Stamp Duty Land Tax to pay. Above this value you pay the tax on increasing portions.

 

Property Value                      Tax Rate

Undr £125k                            0%

£125k-£250k                         2%

£250k-£925k                         5%

£925k-£1.5m                          10%

Over £1.5m                            12%

 

Example

If you buy a house for £275,000, the Stamp Duty Land Tax you owe is calculated as follows:

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the final £25,000 = £1,250

Total SDLT = £3,750

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