Buy-to-let Stamp Duty Calculator Extra Quality

The stamp duty calculators give an indication of stamp duty liability for freehold residential property purchases in England & Northern Ireland.For non-UK resident calculations please use our non-UK resident stamp duty calculatorCalculate how much stamp duty you will pay:Select "First Time Buyer", "Moving Home" or "Additional Property".Enter purchase price.Click "Calculate" button for instant stamp duty calculations.First Time BuyerPurchase Price(Enter numbers only)Before 23rd Sept 2022After 23rd Sept 2022Full CalculationPDFEffective RateTax Band%Taxable SumTaxless than 425k0(5)**425k to 625k5625k to 925k5925k to 1.5m10rest over 1.5m12**For purchases over 625k, SDLT is charged at 0% up to 250k and 5% from 250k to 925k.Moving HomePurchase Price(Enter numbers only)Before 23rd Sept 2022After 23rd Sept 2022Full CalculationPDFEffective RateTax Band%Taxable SumTaxless than 250k0250k to 925k5925k to 1.5m10rest over 1.5m12Additional PropertyPurchase Price(Enter numbers only)Before 23rd Sept 2022After 23rd Sept 2022Full CalculationPDFEffective RateTax Band%Taxable SumTaxless than 250k3250k to 925k8925k to 1.5m13rest over 1.5m15Can you claim a stamp duty refund?If you already own a property and move to a new home it may be possible to claim a higher rate stamp duty refund. More information can be found in our moving house section.if(typeof ez_ad_units!='undefined')ez_ad_units.push([[468,60],'stampdutycalculator_org_uk-medrectangle-3','ezslot_8',138,'0','0']);__ez_fad_position('div-gpt-ad-stampdutycalculator_org_uk-medrectangle-3-0');Example SDLT calculationsStamp duty calculations - Moving homeThe section below provides example stamp duty calculations for standard rate transactions including purchases made by home movers.The SDLT calculations apply to freehold residential purchases in England and Northern Ireland with a completion date on or after 1st October 2021.1. Purchase price 250,000On a property purchased for 250,000 the total stamp duty payable would be 0. From 23rd September 2022, the initial stamp duty threshold has risen to 250,000.Band%Taxable SumTaxless than 250k0%00250k to 925k5%00925k to 1.5m10%00rest over 1.5m12%00Total SDLT02. Purchase price 500,000On a property purchased for 500,000 the total stamp duty payable would be 12,500. No stamp duty is payable on the first 250,000, 12,500 is payable on 250,000 in the next band between 250,000 & 925,000Band%Taxable SumTaxless than 250k0%00250k to 925k5%250,00012,500925k to 1.5m10%00rest over 1.5m12%00Total SDLT12,5003. Purchase price 750,000On a property purchased for 750,000 the total stamp duty payable would be 25,000. The stamp duty calculation is as follows: No stamp duty is payable on the first 250,000, 25,000 is payable on 500,000 in the next band between 250,000 & 925,000.Band%Taxable SumTaxless than 250k0%00250k to 925k5%500,00025,000925k to 1.5m10%00rest over 1.5m12%00Total SDLT25,000Stamp duty calculations - Additional propertyThe following section gives example stamp duty calculations for higher rate transactions including buy to let and second home purchases.The SDLT calculations below apply to freehold residential purchases in England and Northern Ireland with a completion date after 1st October 2021.1. Purchase price 250,000On a property purchased for 250,000 the total stamp duty payable would be 7,500. The stamp duty calculation is as follows: 7,500 is payable on 250,000 in the initial band up to 250,000.Band%Taxable SumTaxless than 250k3*%250,0007,500250k to 925k8%00925k to 1.5m13%00rest over 1.5m15%00Total SDLT7,500* An additional property purchased for less than 40k will attract 0% tax. For purchases from 40k to 250k the SDLT rate will be 3% on full purchase price.2. Purchase price 500,000On a property purchased for 500,000 the total stamp duty payable would be 27,500. 7,500 is payable on the first 250,000 and 20,000 is payable on 250,000 in the next band between 250,000 & 925,000Band%Taxable SumTaxless than 250k3*%250,0007,500250k to 925k8%250,00020,000925k to 1.5m13%00rest over 1.5m15%00Total SDLT27,500* An additional property purchased for less than 40k will attract 0% tax. For purchases from 40k to 250k the SDLT rate will be 3% on full purchase price.3. Purchase price 750,000On a property purchased for 750,000 the total stamp duty payable would be 47,500. The stamp duty calculation is as follows: 7,500 is payable on the first 250,000 and 40,000 is payable on 500,000 in the next band between 250,000 & 925,000.Band%Taxable SumTaxless than 250k3*%250,0007,500250k to 925k8%500,00040,000925k to 1.5m13%00rest over 1.5m15%00Total SDLT47,500* An additional property purchased for less than 40k will attract 0% tax. For purchases from 40k to 250k the SDLT rate will be 3% on full purchase price.What is stamp duty?Stamp Duty Land Tax (SDLT) is a tax levied on the purchase of property in England and Northern Ireland.SDLT is charged at different rates depending on the purchase price of a property. There are a number of stamp duty tax bands with rates rising from lower to higher bands.Major changes to stamp duty were implemented in December 2014. The old stamp duty system was considered to be a "slab tax" whereby rates were incremented at each SDLT threshold and applied to the whole property purchase price.Since 2014 stamp duty has become a progressive tax with rate increases applied between specific stamp duty thresholds instead of being applied to the final purchase price of a property.Further changes were made to the new stamp duty system in November 2017 when the government introduced first time buyer relief.A stamp duty holiday was introduced on 8th July 2020 and ended on 30th June 2021.A further stamp duty holiday transition period ran from 1st July 2021 until 30th September 2021. During the transition period the initial zero rate threshold was set at 250,000.From 1st October 2021 until 23rd September 2022 stamp duty rates and thresholds reverted to those in place before the stamp duty holiday.On 23rd September 2022 the initial zero rate stamp duty threshold was increased from 125,000 to 250,000.When do you pay stamp duty?Stamp duty now needs to be paid within 14 days after completing on a property purchase. The 14 day period for submitting a stamp duty return has been effective from March 2019 and has been reduced from 30 days.In reality the reduced time frame should not have a significant impact on individuals. This is because most SDLT returns will be submitted by a solicitor or conveyancer acting on behalf of their client.if(typeof ez_ad_units!='undefined')ez_ad_units.push([[300,250],'stampdutycalculator_org_uk-banner-1','ezslot_9',102,'0','0']);__ez_fad_position('div-gpt-ad-stampdutycalculator_org_uk-banner-1-0');What are the stamp duty rates?The freehold residential stamp duty rates in England and Northern Ireland are shown in the tables below.SDLT rates from 23rd September 2022.The table below shows stamp duty rates from 23rd September 2022 when the initial zero rate threshold was increased from 125k to 250kTax BandNormal RateAdditional Propertyless than 250k0%3%*250k to 925k5%8%925k to 1.5m10%13%rest over 1.5m12%15%* An additional property purchased for less than 40k will attract 0% tax. For purchases from 40k to 250k the SDLT rate will be 3% on full purchase price.Stamp duty holidayThe stamp duty holiday was introduced in July 2020 as part of an economic response to the Covid-19 Pandemic. The stamp duty holiday was extended for another 3 months following the 2021 spring Budget and ended on 30th June 2021. During this period the zero rate threshold for standard purchases increased from 125,000 to 500,000 meaning the majority of homemover and first time buyer transactions did not attract any SDLT.When the stamp duty holiday ended on 30th June 2021 the initial zero rate threshold reduced from 500,000 to a new temporary threshold of 250,000.The temporary 250,000 threshold remained in place until 30th September 2021 and offered additional stamp duty relief for transactions completing after the stamp duty holiday ended.From October 2021 all stamp duty thresholds and rates reverted to those in place before to the start of the stamp duty holiday.For more information please visit our stamp duty holiday page.First time buyersFirst time buyer relief is available for property purchases below specific thresholds. First time buyers will not pay any stamp duty on property purchases below 425,000 with further relief available for transactions up to 625,000.For more information please visit our stamp duty for first time buyers page.Buy to let & second homesStamp duty rates have increased for anyone purchasing an additional property. Additional property types include buy to let investments and second homes. Since April 2016 a 3% surcharge has been applied on top of the normal SDLT rate.The higher stamp duty rates only apply to additional residential property. Land and other types of property are not normally considered when determining ownership of additional property for stamp duty purposes.Full rates, exemptions and more examples can be found on our buy to let stamp duty and SDLT for second homes pages.if(typeof ez_ad_units!='undefined')ez_ad_units.push([[580,400],'stampdutycalculator_org_uk-large-leaderboard-2','ezslot_10',141,'0','0']);__ez_fad_position('div-gpt-ad-stampdutycalculator_org_uk-large-leaderboard-2-0');Replacing a main residenceThe higher rates of stamp duty should not apply when moving home. Normal rates of stamp duty will apply for anyone replacing a main residence even if they own two properties in the short term.If a previous home is not sold immediately, stamp duty will be calculated at the higher rate and a refund may be claimed later.A stamp duty refund can be claimed up to 12 months after selling a previous home as long as the old home is sold within 3 years of purchasing the new one. The 3 year time limit may be extended if the sale of the old home is delayed because of COVID-19 or other exceptional circumstances.More information can be found in our moving house section, or in the UK Government stamp duty land tax manual UK Government stamp duty land tax manual.Stamp duty for non-UK residentsAn increase to stamp duty for non-UK residents was announced in the 2020 Budget.Since April 2021 someone living overseas could pay an additional 2 percent in stamp duty if they purchase a property in England or Northern Ireland. The increase in stamp duty means that for an additional property the top rate of SDLT will now be 17%.The surcharge will apply to anyone who is non-UK resident including British expats based overseas. Someone who is not present in the UK for at least 183 days in the 12 month period leading up to buying a property will have non-UK resident status.The stamp duty surcharge could help take some heat out of the London property market where foreign investment is high.It is hoped that the surcharge will help to control house price inflation and support UK residents planning to get onto and move up the housing ladder.The Government planned to use the extra stamp duty revenue to provide new homes for the homeless.More information, rates and calculations can be found on our stamp duty for non-UK residents page.if(typeof ez_ad_units!='undefined')ez_ad_units.push([[250,250],'stampdutycalculator_org_uk-leader-1','ezslot_12',142,'0','0']);__ez_fad_position('div-gpt-ad-stampdutycalculator_org_uk-leader-1-0');Stamp duty revenueStamp duty revenue has generally been on an upward trend over the last 40 years. Following the extensive stamp duty reform in 2014 stamp duty receipts continued to rise.There was sharp drop in stamp duty revenue for the year 2020 to 2021. SDLT Revenue for this period was impacted by the Covid-19 pandemic and subsequent introduction of the stamp duty holiday.For the 2021 to 2022 financial year SDLT generated approximately 14.1 billion, an increase of 63% from the previous year. More information and statistics can be found on the UK Government website.SDLT remains an important form of taxation for the Treasury despite some historical research suggesting that stamp duty may have some impact on the housing market.Stamp duty in ScotlandLand and Buildings Transaction Tax (LBTT) has replaced stamp duty in Scotland. The Scottish LBTT system is broadly based on the existing SDLT scheme whereby purchasers pay tax on amounts between bands, not on the full purchase price of a property.An Additional Dwelling Supplement (ADS) was introduced in April 2016 and this now applies to most transactions involving the purchase of an additional dwelling. Additional dwelling types include buy to let investments and second homes.Following the Scottish Budget on 15th December 2022, the Additional Dwelling Supplement (ADS) has increased from 4% to 6%.The current LBTT rates are shown in the table below:Tax BandNormal RateAdditional Dwelling *less than 145k0%6%**145k to 325k5%11%325k to 750k10%16%rest over 750k12%18%* Percentage figures show LBTT and ADS rates combined. ADS is calculated in addition to LBTT and is applied at 6% to the total purchase price above 40k.** An additional dwelling purchased for less than 40k will attract 0% tax. For purchases from 40k to 250k the rate will be 6% on the full purchase price.For a single property purchase, no tax will be paid on the first 145,000.Between 145,000 and 325,000 buyers will pay 5% within this band, 10% within the next band up to 750,000 and 12% over that.Full details including LBTT rates for non residential property can be found on our LBTT rates page.For the latest LBTT information & calculations please visit our LBTT calculator page.Stamp duty in WalesLand Transaction Tax (LTT) has replaced stamp duty in Wales with new LTT rates being introduced from April 2018. LTT is broadly based on the existing stamp duty system with buyers paying tax on amounts between bands, not on the full purchase price of a property.The LTT holiday introduced on 27th July 2020 ended on 30th June 2021. From 1st July 2021 the initial LTT zero rate threshold has returned to 180,000 reduced from 250,000 during the LTT holiday.For additional dwelling transactions a further 1% LTT surcharge has been applied to all LTT bands from 22nd December 2020.The current LTT rates in Wales are shown in the tables below:

buy-to-let stamp duty calculator

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