Calculate Stamp Duty
If you’re buying a property in the United Kingdom, it’s likely you’ll have to pay Stamp Duty on your purchase, although the amount you’ll have to pay varies according to where you’re buying and the property value. Make sure you don’t get any unexpected surprises, and use our handy tool to calculate your Stamp Duty rate.
What is Stamp Duty?
Before you work out how much Stamp Duty you’ll have to pay, it’s important to understand what this tax actually is. Stamp Duty land tax (known in Scotland as the Land and Buildings Transactions Tax) is a lump sum amount that anyone who is buying a property over a certain price has to pay. The amount you need to pay depends on the purchase price of your property, with different rates for different property bands.
How much is Stamp Duty?
In England, Wales and Northern Ireland:
- You don’t pay any tax on properties below £125,000.
- Between £125,000 and £250,000 the rate is 2%.
- Between £250,000 and £925,000, the tax rate is 5%.
- Between £925,000 and £1.5 million, it’s 10%.
In Scotland, the rates are slightly different:
- You won’t pay anything on properties up to £145,000.
- Between £145,000 and £250,000, you’ll pay 2%.
- Between £250,000 and £325,000, it’s 5%.
- Between £325,000 and £750,000 the rate is 10%.
Still not sure how much you’ll have to pay? Use the handy Stamp Duty Calculator on our partner’s website, where you can calculate your Stamp Duty rate, wherever you live in the UK.