How to Calculate Stamp Duty

Stamp Duty rates depend on several factors, including:

• How much your property or land costs
• When you bought your property
• Whether you’re a first-time buyer
• Whether you’re eligible for tax relief or exemption

1. Single Properties

You don’t pay Stamp Duty for properties of up to £250,000 (£425,000 for first-time buyers).

Example:
The property you want to buy costs £295,000. The SDLT is calculated as follows:

• 0% on the first £250,000 = £0
• 5% on the remaining £45,000 = £2,250
• Total SDLT = £2,250

2. First-time buyers

Example:
Your new home costs £500,000. The SDLT is calculated as follows:

• 0% on the first £425,000 = £0
• 5% on the remaining £75,000 = £3,750
• Total SDLT = £3,750

3. Buy-to-let and second homes

Example:
Your second home or buy-to-let costs £300,000. The SDLT is calculated as follows:

• 3% on the first £250,000 = £7,500
• 8% on the remaining £50,000 = £4,000
• Total SDLT = £11,500

Learn more about Stamp Duty and how it works in our comprehensive guide.

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