Stamp Duty Calculator
Find out how much stamp duty you will pay if you complete your property after 30th October 2024
Stamp Duty calculator
0.0% of property value
What is Stamp Duty?
When purchasing residential property in England or Northern Ireland, Stamp Duty Land Tax (SDLT) typically applies on a tiered basis above £250,000. For precise details and current rates, we recommend consulting the official government website. At JLL, we're committed to guiding you through the property buying process. While we've provided this general overview and SDLT calculator as a helpful starting point, please note that tax regulations can be complex and subject to change. This information is not exhaustive and should not be considered definitive financial or legal advice. For a comprehensive understanding of how SDLT may apply to your specific situation, we strongly advise seeking professional guidance. Our team would be pleased to connect you with independent financial advisors, property lawyers, or accountants who can offer tailored advice based on your unique circumstances. Should you require more detailed SDLT calculations or have any questions about the property buying process, please don't hesitate to contact us. Our experienced professionals are here to support you every step of the way in your property journey.
Thresholds
1. Current rate for First Time Buyers (UK resident):
| Property value | SDLT rate |
|---|---|
| Up to £425,000 | 0% |
| The amount from £425,001 - £625,000 | 5% |
| £625,001 + | No FTB relief can be claimed, cost will be the same as existing owner occupiers |
2. Current rate for single property (if it is the only residential property you own):
| Property value | SDLT rate |
|---|---|
| Up to £250,000 | 0% |
| The portion from £250,001 - £925,000 | 5% |
| The portion from £925,001 - £1.5million | 10% |
| The remaining amount over £1.5million | 12% |
3. Current rate for second home owners (UK resident) (This came into immediate effect 31 October 2024):
| Property value | SDLT rate for additional property |
|---|---|
| Up to £250,000 | 5% |
| The portion from £250,001 - £925,000 | 10% |
| The portion from £925,001 - £1.5million | 15% |
| The remaining amount over £1.5million | 17% |
4. International buyers: a 2% surcharge applies on top of all other rates of residential stamp duty, including zero rates, first-time buyers, second-home owners, purchases made by companies and purchases when consideration exceeds the higher rate threshold.
Current rate for non-UK resident (purchasing second home):
| Property value | SDLT rate |
|---|---|
| Up to £250,000 | 7% |
| The portion from £250,001 - £925,000 | 12% |
| The portion from £925,001 - £1.5million | 17% |
| The remaining amount over £1.5million | 19% |