How is Stamp Duty calculated?
Stamp Duty is the tax you pay when you buy property or shares.
'Stamp Duty Land Tax' is paid when you purchase property and either 'Stamp Duty' or 'Stamp Duty Reserve Tax' is paid when buying shares.
| Residential Property Purchase Price | Stamp Duty Land Tax Rate |
| up to £125,000 | 0% |
| £125,001 - £250,000 | 1% |
| £250,001 - £500,000 | 3% |
| £500,001 or more | 4% |
Stamp Duty Land Tax when purchasing property
Property such as houses, flats, land and other building all fall within the Stamp Duty Land Tax. If the purchase price is £125,000 or less you don't pay any Stamp Duty Land Tax. If the property value is over £125,000, you pay between one and four per cent of the total purchase price.
Property in disadvantaged areas
If you are buying a property within area designated by the government as disadvantaged, you are not required to pay any Stamp Duty Land Tax if the purchase price is £150,000 or less.