Stamp Duty Calculator

Stamp Duty Calculator

On properties worth 350k and above - minimum saving of 59% after deduction of fees*

Stamp duty calculator – What you can save

The rate of stamp duty you will pay upon the purchase of your new property depends on where you live. If your property is in England, Wales or Northern Ireland you will pay the same rate. If, however, your property is in Scotland different bandings apply.

Stamp duty in the UK is now calculated by the following system:

  • If your property is worth under £125,000, you pay nothing
  • If your property is worth between £125,000 and £250,000, you pay 2%
  • On properties worth above £250,000, you pay 5%

To calculate how much stamp-duty you will be required to pay use our stamp duty calculator below

The system in Scotland is different, instead of stamp duty, you are required to pay ‘Land and Buildings Transaction Tax’

Land and Buildings Transaction Tax is calculated as follows:

  • If your property is worth under £145,000, you pay nothing
  • If your property is worth between £145,000 and £250,000, you pay 2%
  • If your property is worth over £250,000, you pay 5%
  • If your property is worth over £500,00, you pay 15%

 

As of April 1ST 2016 an additional 3% will be added to the exist rate of stamp duty for any property deemed an ‘additional residential property’ this includes buy to let property or second homes. This will apply to existing rates on property valued over £40,000.
To find out how much you can save simply use our stamp duty calculator. Or call us today on 01625 599 200 to discuss how we can assist you.