Stamp Duty explained

Stamp Duty is a government tax you'll need to pay if you buy a property in the UK. In England, this is known as Stamp Duty Land Tax (SDLT), In Wales it’s Land Transaction Tax (LTT) and in Scotland it’s Buildings Transaction Tax (LBTT).

How much is Stamp Duty?

The thresholds and the amount of Stamp Duty you pay depends on the value of the property you purchase. 
 
If you're a first-time buyer, you'll pay 0% on the first £300,000 of your new home and 5% on any portion between £300,001 and £500,000. However, if the purchase price goes above £500,000, you lose the first-time buyer relief and pay standard Stamp Duty rates. 
 
For next home buyers, the threshold for paying stamp duty is £125,000, so don’t forget to factor in Stamp Duty costs as part of your budget.  
 
For a full breakdown of the current tax bandings, take a look at the tables below or try our Stamp Duty calculator to get a quick estimate of what you might owe. 
 
We may be able to help you with your Stamp Duty costs, so make sure to speak with your sales consultant to find out more.