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How much stamp duty will I have to pay?

I am thinking of buying a property in the UK, how much stamp duty will I have to pay on it?

How much stamp duty will I have to pay?

When you are buying a property in the UK, the amount of stamp duty you will be required to pay will depend on two key factors:

  1. The cost of the property you are buying
  2. Whether you own another property in the UK or any other country

Basic stamp duty rates

If you do not already own a property in the UK or abroad, stamp duty rates in the UK are in accordance with a number of thresholds related to property value and is calculated as follows:

  • Up to £125,000: 0%
  • Between £125,000 and £250,000: 2%
  • Between £250,000 and £925,0000: 5%
  • Between £925,000 and £1,500,000: 10%
  • Over £1,500,000: 12%

Stamp duty if you own another property

As of April 2016, if you already own a property, whether it is in the UK or elsewhere in the world, you will be subject to the higher rate of stamp duty which is essentially an additional 3% for each threshold, so:

  • Up to £125,000: 3%
  • Between £125,000 and £250,000: 5%
  • Between £250,000 and £925,0000: 8%
  • Between £925,000 and £1,500,000: 13%
  • Over £1,500,000: 15%

If the value of the property is less than £40,000, there is no stamp duty to pay.

Stamp Duty Calculator

We have created a stamp duty calculator for people in the UK and abroad who would like to know how much stamp duty they will have to pay in the UK when buying a property.

Stamp Duty Calculator >

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Last updated: 20 March 2017

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