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Stamp Duty

What is Stamp Duty?

When purchasing a property in the UK a charge is applied to that property dependent on its value. That charge is Stamp Duty (Stamp Duty Land Tax). Until 30th September 2021 there will be no Stamp Duty to pay on homes up to the value of £250,000. The rate of Stamp Duty to pay on homes above the value of £250,000 will be 5% and will apply to the portion of the value between £250,001 and £925,000. An additional rate of 3% remains for buyers who already own residential properties, such as second homes and buy-to-let properties.

Stamp Duty rates on purchases from 1 July 2021 to 30 September 2021

If you purchase a residential property between 1 July 2021 to 30 September 2021, you will only pay Stamp Duty on the amount that you pay for the property above £250,000.

Purchase price Stamp Duty Rate Buy to Let/Additional Home Rate*
Up to £250,000 0% 3%
The next £675,000 (the portion of the property value from £250,001 to £925,000) 5% 8%
The next £575,000 (the portion of the property value from £925,001 to £1.5 million) 10% 13%
The remaining amount (the portion of the property value above £1.5 million) 12% 15%

Stamp Duty Calculator

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Stamp Duty Calculation Breakdown

Tax Band % Taxable Sum Tax
less than £250k 0 £0 £0
£250k to £925k 5 £0 £0
£925k to £1.5m 10 £0 £0
rest over £1.5m 12 £0 £0