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Stamp Duty Calculator

Stamp Duty Land Tax (SDLT) is a tax which is payable if you buy property or land in excess of the government designated price band within England, Wales and Northern Ireland. This is subject to change during the budget but currently, for residential property the present threshold at which SDLT becomes payable is £125,000 and for non-residential property and land, the SDLT threshold is £150,000

SDLT is payable when you:-

  • Buy a freehold property

  • Buy and existing or new leasehold property

  • Buy a property through a shared ownership scheme

  • Transfer land or property in exchange for payment e.g. you take on a mortgage or buy a share of a property

SDLT increases in portions above the property price of £125,000 as follows:-

Property Price / Lease Premium / Transfer Value

SDLT Rate

Up to £125,000

Zero

From £125,001 to £250,000

2%

From £250,001 to £925,000

5%

From £925,001 to £1.5m

10%

Above £1.5m

12%

An example:

You purchase a house for £325,000

Up to £125,000 SDLT 0%

£125,001 to £250,000 SDLT 2% = £2,500.00

£250,001 to £275,000 SDLT 5% = £1,250.00

TOTAL SDLT DUE: £3,750.00

The Government provide a useful online calculator, click here

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