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How much stamp duty do I have to pay?

 

The government announced that a temporary rise in the stamp duty threshold from £125,000 to £500,000 will take immediate effect from the 8th July, 2020 running until 31st March 2021. This means purchases under £500,000 for will attract no stamp duty. More details of this announcement are here. 

Use our calculator below to work out if you'll have to pay stamp duty, and if so, how much, so that you can factor this into your budget when considering your affordability.

First Time Buyer

Your stamp duty as a first time buyer would be

0

Your stamp duty from 1st April 2021 will be

0

Not a First Time Buyer

Home 1 stamp duty would be

0

Your stamp duty from 1st April 2021 will be

0

Home 2 stamp duty would be

0

Your stamp duty from 1st April 2021 will be

0

Please be aware, your results are only an estimate and should not be considered as a mortgage quote.

*Please note: For purchases under £500,000, these breakdown illustrations do not include current threshold reliefs.

First Home (First Time Buyer)

Property Price Rate Tax Calculation
£0 - £300,000 0%
£300,000.01 - £925,000 5%
£925,000.01 - £1,500,000 10%
£1,500,000 + 12%

Main Residence

Property Price Rate Tax Calculation
£0 - £125,000 0%
£125,000.01 - £250,000 2%
£250,000,.01 - £925,000 5%
£925,000.01 - £1,500,000 10%
£1,500,000 + 12%

Second Home

Property Price Rate Tax Calculation
£0 - £125,000 3%
£125,000.01 - £250,000 5%
£250,000.01 - £925,000 8%
£925,000.01 - £1,500,000 13%
£1,500,000.01 + 15%

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