Stamp Duty

Stamp Duty Stamp Duty

Stamp Duty Calculator

Do I have to pay if I own another property?

If you have an additional property, such as a second home or buy-to-let property, you will have to pay an extra 3% on top of each band’s current rate if the property value is £40,000 or more.

There are some exceptions, such a mobile homes or houseboats.

Stamp Duty Calculator

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Stamp duty

What is Stamp Duty?

If you are buying a new property and there’s a delay in selling your previous main residence, you’ll have to pay the high stamp duty rate, as you will now be the owner of two properties.  However, you can claim a refund – see the Government Stamp Duty page for full details.


How much will I have to pay?

The tax is calculated on bands, which are as follows:

From 1st April 2021 the rate will be as follows:

Purchase Price Main Residence rate Additional property rate
(£300,000 for first-time buyers) 0% 3%
£125,001 – £250,000 2% 5%
£250,001 – £925,000 5% 8%
£925,001 – £1,500,000 10% 13%
£1,500,001+ 12% 15%

You pay a portion of the purchase price that falls within each band.

So for example, if you buy a property for £275,000, you will pay:

First £125,000 = 0

Next £125,000 = 2%        £2,500

Remaining £25,000 = 5%               £1,250

Total stamp duty to pay: £3,750