Stamp Duty Calculator

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STAMP DUTY TAX CALCULATOR

2021/2022 Updates

UK Chancellor Rishi Sunak has announced that homebuyers will not have to pay stamp duty on homes worth up to £500,000. The measure will last until 31 March 2021 in England and Northern Ireland.

The previous 0% stamp duty threshold was £125,000, or £300,000 for first-time buyers of properties worth less than £500,000.

Those buying a property under the £500,000 threshold will now pay nothing in stamp duty. We have updated our calculator to give you the correct sum of stamp duty you need to pay.

STAMP DUTY TAX CALCULATOR

2021/2022 Updates

UK Chancellor Rishi Sunak has announced that homebuyers will not have to pay stamp duty on homes worth up to £500,000. The measure will last until 31 March 2021 in England and Northern Ireland.

The previous 0% stamp duty threshold was £125,000, or £300,000 for first-time buyers of properties worth less than £500,000.

Those buying a property under the £500,000 threshold will now pay nothing in stamp duty. We have updated our calculator to give you the correct sum of stamp duty you need to pay.

Simply enter the details then the stamp duty is calculated instantly

Purchase Price (£) Property sale will complete on or between 1st of July and 30th of September 2021? I’m a first time buyer Property is a buy-to-let or second home Buyer is a non-UK resident

The following calculator and commentary is for general interest only and must not be relied on. It may not be up to date or complete, relates only to certain types of residential property in England or Northern Ireland and does not constitute advice.

Residential Property Stamp Duty Rates

Brackets	Rate
£0 to £500,000	0%
£500,001 to £925k	5%
£925,001 to £1.5m	10%
£1.5m+	12%

Buy-to-let and Second Homes Stamp Duty Rates

Buy-to-let and second home Stamp Duty tax bands
Brackets	Standard rate	Buy-to-let/second home rate (April 2016)
Up to £125,000	0%	3%
£125,001 – £250,000	2%	5%
£250,001 – £925,000	5%	8%
£925,001 – £1.5m	10%	13%
over £1.5m	12%	15%

Source: HMRC

How to calculate the new Stamp Duty Rate

Example

Property purchase price: £750,000.
There is no Stamp Duty Tax applied to the first £500,000
5% above £500,000
That equates to an overall rate of 2.1% of the sale price, or £12,500.

As the property price increases, the rate of pay increases within a certain tax bracket, with percentages rising when a higher price threshold is reached.

What are the new rates of Stamp Duty Land Tax (Stamp Duty) for non-UK residents from 1st April 2021?

From 1st April 2021, there will be a 2% Stamp Duty surcharge introduced for overseas buyers on the purchase of residential property in England and Northern Ireland.

The surcharge is expected to apply to non-resident buyers regardless of the type of buyer (e.g. company or individual) subject to very few exceptions for specific collective investment vehicles such as REITs.

The surcharge will be in addition to the existing 3% Stamp Duty surcharge on purchases of “additional” dwellings such as buy-to-lets and second homes, the flat 15% Stamp Duty rate on purchases of dwellings worth more than £500,000 by companies acting as “envelopes” and the existing stamp duty rates for UK home buyers.