How to Calculate Stamp Duty
What is Stamp Duty?
Stamp Duty rates
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).
| Purchase Price | Stamp Duty % |
| Up to £250,000 |
0% |
| £250,001 - £925,000 |
5% |
| £925,001 - £1,500,000 |
10% |
| £1,500,001 + |
12% |
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
| Purchase price | Stamp Duty % |
| Up to £425,000 | 0% |
| £425,001 - £625,000 |
5% |
| £625,001 - £1,500,000 |
10% |
| £1,500,001 + |
12% |
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
| Purchase Price | Stamp Duty % |
| Up to £250,000 |
3% |
| £250,001 - £925,000 |
8% |
| £925,001 - £1,500,000 |
13% |
| £1,500,001 + |
15% |
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.
If you’re considering buying your new home, we’re here to help. Our new homes across the UK are modern and energy-efficient, suitable for growing families, young professionals and older couples. We have a wide range of offers to cater for all needs, whether you’re a first-time buyer or property investor.
Call or visit our Sales Advisers to reserve your home with us.
Help to Sell
If you’re looking to start your next adventure, but are worried about the hassle of moving, we have a range of schemes available to help you sell your existing home.
Armed Forces Deposit Contribution
We're offering Britain's military servicemen and women a 5% deposit contribution to help them buy a brand-new home.
Key Worker Deposit Contribution
As a thank you for the support provided to our communities, we are offering key workers a contribution of £1,000 for every £20,000 spent on the purchase price, plus flooring.
Own New - Rate Reducer
Own New - Rate Reducer is a brand-new scheme available on new build homes that could mean lower mortgage rates and reduced monthly payments.
Low Deposit Offers
If you have a low deposit, we have a variety of schemes available to help make moving more affordable. Learn more here.
Part Exchange
We could be your guaranteed buyer, so no stress or fuss, just an easy move for you and your family.
Parent Power
If you’re getting financial support from your family or friends to help you get on the property ladder, we could match it, up to a maximum of 5% of the purchase price.
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