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%
Over £1.5m 12%
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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