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.

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How to use the Twindig Stamp Duty Calculator

The Twindig Stamp Duty Calculator is a simple tool you can use to calculate how much Stamp Duty you will have to pay if buying a residential property in England, Wales, Scotland or Northern Ireland.

To use the Stamp duty Calculator simply enter the purchase price in £ in the Purchase Price box and select which region the property is in from the drop-down menu in the ‘What region?’ box. Once you have done this click or press the ‘Calculate’ button.

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.

Who pays Stamp Duty?

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

Primary residence 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.

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.

Who pays Stamp Duty?

Only homebuyers pay Stamp Duty. You do not pay Stamp Duty on a home you are selling. However, if you are selling your home in order to buy another one, you will pay Stamp Duty on the home you are buying.

Has COVID had an impact on Stamp Duty?

Yes, it has. Between 8 July 2020 and 31 March 2021 the UK Government had arranged a Stamp Duty Holiday where in England no Stamp Duty was payable if buying your primary residence for 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%

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