Stamp Duty
everything you need to know
Stamp Duty;
everything you
need to know
Stamp Duty Land Tax (SDLT) is a tax due when you purchase a property or land over a certain price in England and Northern Ireland.
The tax is payable on all new or old, freehold and leasehold properties and also affects those purchasing with Shared Ownership.
For those living in England and Northern Ireland, these rates have been reduced until 31st March 2025, making owning your dream home even more affordable. First time buyers benefit from the first £425,000 of their new home being exempt from Stamp Duty, whereas those buying their next home will not have to pay stamp duty until over £250,000.
Stamp Duty Calculator
Find out how much you will pay
Are you a first time buyer?
Yes
No
Enter purchase price
Your Stamp Duty will be
£2500
Applicable in England and Northern Ireland only. Excludes those purchasing their second home or
The thresholds explained:
Up to £250,000
(£425,000 for first time buyers)
(£425,000 for first time buyers)
0%
£250,001 to £925,000
5%
£925,001 to £1.5 million
10%
Above £1.5 million
12%
Breakdown correct at time of production. To find out how much you will pay on a second home or buy-to-let property, please see here.
