Stamp Duty Calculator

Find out home much stamp duty you need to pay. This calculator was updated following the recent government changes to stamp duty.

We show you how much stamp duty you need to pay wherever you are in the UK and whenever you plan to buy.

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Understanding the results

The results will show you how much Stamp Duty you have to pay depending on:

  • whether you are a first-time buyer, buying your primary residence or if you are buying an additional property AND
  • when you complete your purchase:
    • In England and Northern Ireland – before 30 June 2021, before 30 September or from 1 October 2021
    • In Scotland before or after 1 April 2021
    • In Wales before 30 June 2021 and from 1 July 2021

Am I a first time buyer?

First Time Buyer: For Stamp Duty Tax purposes, if you have never owned a residential property (or a share of a residential property) before you are a first-time buyer

Am I a first time buyer?

If the property you are buying will be your main home, i.e. where you live and where you are registered to vote in general and local elections, the place you call home this is your primary residence. If you are not a first-time buyer and you are buying your main home, you will pay the Stamp Duty in the primary residence box.

What is an Additional Property?

Additional Property: If you are buying a property that will not be your main home or your primary residence it will be classed as an ‘Additional Property’. Examples of Additional Properties include: holiday homes, second homes, a home bought for your children, holiday lets and buy to let properties. The Stamp Duty on Additional Home is higher than it is on your primary residence. Currently, the charge is an additional three percentage points higher than that charged on a primary residence.

Why do First Time Buyers pay less stamp duty?

Before and after the COVID Stamp Duty Holiday, First Time buyers benefitted from paying less Stamp Duty than home movers. This is because the UK Government is trying to encourage homeownership and it appreciates that it is difficult for many to get on the housing ladder due to the level of house prices and the difficulty in saving for a deposit.

However, during the COVID Stamp Duty Holiday First Time Buyers paid the same Stamp Duty as home movers because the UK Government believed it was necessary to cut Stamp Duty to stimulate the UK housing market during the COVID pandemic.

Stamp Duty is not the only cost of moving home

Stamp Duty is not the only major cost you need to bear in mind when buying or moving home. We discuss the other major costs you need to budget for in our cost of moving home article

https://www.twindig.com/market-views/cost-of-moving-house

Stamp Duty in England and Northern Ireland

Between 8 July 2020 and 30 June 2021 the UK Government had arranged a Stamp Duty Holiday where in England and Northern Ireland no Stamp Duty was payable if buying your primary residence on homes costing up to £500,000. For homes costing more than £500,000, Stamp Duty is payable on the amount above £500,000.

The Stamp Duty payable on Additional Homes remained at three percentage points above the rates charged for a primary residence, therefore additional homes up to a cost of £500,000 would incur a Stamp Duty Tax of 3%

Between 1 July and 30 September 2021 if you are buying your primary residence there is no Stamp Duty payable on the first £250,000

However, if you are a First Time Buyer AND you a buying a home costing less than £500,000 there is no Stamp Duty to pay on the first £300,000 BUT if you are a first time buyer buying a home costing more than £500,000 you will pay Stamp Duty on the cost above £250,000

The Stamp Duty payable on Additional Homes remained at three percentage points above the rates charged for a primary residence, therefore additional homes up to a cost of £250,000 would incur a Stamp Duty Tax of 3%

From 1 October 2021 Stamp Duty is paid on the cost above £125,000 if buying a primary residence.

However, if you are a first time buyer AND you a buying a home costing less than £500,000 there is no Stamp Duty to pay on the first £300,000 BUT if you are a first time buyer buying a home costing more than £500,000 you will pay Stamp Duty on the cost above £125,000

The Stamp Duty payable on Additional Homes remained at three percentage points above the rates charged for a primary residence

Stamp Duty (Land and Buildings Transaction Tax) in Scotland

Up to 1 April 2021 No Land and Buildings Transaction Tax to pay on homes costing up to £250,000, although additional properties are charged a rate 4 percentage points above the rate for primary residences.

From 1 April 2021 No Land and Buildings Transaction Tax to pay on homes costing up to £145,000 for primary residences. First Time Buyers will not have to pay Land and Buildings Transaction Tax on the first £175,000. Additional properties are charged a rate 4 percentage points above the rate for primary residences.

Stamp Duty (Land Transaction Tax) in Wales

Up to 30 June 2021 No Land Transaction Tax to pay on the first £250,000 for your primary residence. Additional Properties are chagred Land Transaction Tax at a rate four percentage points higher than for a primary residence.

From 1 July 2021 No Land Transaction Tax to pay on the first £180,000 for your primary residence. Additional Properties are chagred Land Transaction Tax at a rate four percentage points higher than for a primary residence.