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Stamp duty calculator

Find out how much stamp duty you'll pay when you buy a house

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Land Transaction Tax Payable:
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What is stamp duty?

Stamp duty is a tax that's payable when you buy property or land. In Scotland, it's known as Land and Buildings Transaction Tax. In Wales, it's Land Transaction Tax.

The amount of stamp duty you'll pay depends on:

  • The property's purchase price
  • Whether it's your first property
  • Where in the UK the property or land is
The thresholds and rates are set by the UK government in England and Northern Ireland and by the devolved governments in Wales and Scotland.

Is stamp duty different for first time buyers?

The exact rates and thresholds for first time buyers vary between those set by the UK government for England and Northern Ireland and the devolved governments for Scotland and Wales.

In England and NI first time buyers pay no stamp duty on the first £300,000 of a house purchase. So as long as the property is below this amount, there's no stamp duty to pay.

In Scotland first time buyers pay no stamp duty or land and buildings transaction tax payable on the first £175,000 of a house purchase.

In Wales, there is no stamp duty or land transaction tax to pay on the first £180,000 of a house purchase. This is the same whether you're a first time buyer or an existing homeowner. The exception being if you're an existing homeowner buying a second property.

Do I have to pay stamp duty in one payment?

It's possible to add any stamp duty payable on your property purchase to the mortgage amount. Doing this means you avoid having to pay an upfront lump sum.

But it will add interest to your mortgage over the duration of the mortgage term and affect your loan to value ratio (LTV).

Stamp duty tax is just one of the fees you should factor in when taking out a mortgage on a new property.

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