Stamp Duty Land Tax, or the abbreviated version – SDLT, is a government charge everyone must pay when they purchase a property in England. It is charged on both new and pre-owned properties.
If you’re buying a newly built home and are wondering how much do you pay, stamp duty on new builds is largely dependent on the purchase price of the home. This is true even if the home isn’t newly built.
However, there are different thresholds for first-time buyers, home movers and those buying a second home. If the purchase price of the home you’re buying is under the threshold, there’s no Stamp Duty to pay.
Use our table below to calculate your Stamp Duty.
Use our Stamp Duty calculator to find out how much you will pay.
Here’s a simple guide to the Stamp Duty rates:
What’s your buying position? |
The property price |
How much Stamp Duty do you pay? |
First-time buyer |
Up to £425,000 | £0 |
| Over £425,000 | 5% of the portion from £425,001 to £625,000 | |
Home mover |
Up to £250,000 | £0 |
| Over £250,000 | 5% of the portion from £250,001 to £925,000 | |
Buying a second home |
Up to £250,000 | 3% of the portion up to £250,000 |
| Over £250,000 | 3% of the portion up to £250,000 and 8% of the portion from £250,001 to £925,000 |
Example for a first-time buyer purchasing a property for £500,000. The SDLT you owe will be calculated as:
0% on the first £425,000 = £0
5% on the remaining £75,000 = £3,750
Total SDLT = £3,750
If you’re not a UK resident for at least 183 days (6 months) during the 12 months before your purchase, you will need to pay a surcharge. For more details, visit the government’s website here.
Your conveyancer will usually calculate and pay the Stamp Duty on your behalf whilst they’re processing the purchase. Stamp Duty must be paid within 14 days of completion.
