Stamp Duty Guide


What is stamp duty?


If you're purchasing a property in the UK, you may be liable to pay stamp duty on your purchase (not applicable on a sale). Stamp duty is a tax by the government and is paid on completion of your purchase, normally the day you receive your keys.


How much will I have to pay?


There are several rate bands for Stamp Duty Land Tax and below we have used information from

The tax is calculated on the part of the property purchase price that falls within each band. The bands are £0, £125,000, £250,000, £925,000 and £1.5m.


The bandings are as follows:












For example, if you buy a house for £275,000, the Stamp Duty Land Tax (SDLT) you owe is calculated as follows:


  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the final £25,000 = £1,250


Total SDLT = £3,750.






What if I already own another property?


Buyers of additional residential properties, such as second homes and buy-to-let properties, will have to pay an extra 3% in Stamp Duty on top of current rates for each band.

This increased rate applies to properties bought for £40,000 or more.

It doesn’t apply to caravans, mobile homes or houseboats.

If you buy a new main residence but there’s a delay in selling your previous main residence, you’ll have to pay the higher Stamp Duty rates as you’ll now own two properties.

You can request a refund for the amount above the normal Stamp Duty rates if:


  • You sell your previous main residence within three years, and
  • You claim the refund within three months of the sale of your previous main residence, or within 12 months of the filing date of your self-assessment tax return, whichever comes later.







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