1. What is Stamp Duty Land Tax?

Stamp Duty Land Tax (SDLT) is a tax paid when purchasing property or land in England and Northern Ireland. The amount payable depends on the property price, type, and your circumstances (e.g., first-time buyer status).

2. How SDLT is Calculated

SDLT uses a tiered (banded) system where different portions of the property price are taxed at different rates. The calculator applies the correct rates based on:

• Property price
• Property type (residential/non-residential)
• Buyer status (first-time buyer, additional property)

3. Current SDLT Rates

Residential Properties:

• Up to £250,000: 0%
• £250,001 to £925,000: 5%
• £925,001 to £1.5 million: 10%
• Above £1.5 million: 12%

First-time buyers: Pay no SDLT on first £425,000 (properties up to £625,000)

Non-residential Properties:

• Up to £150,000: 0%
• £150,001 to £250,000: 2%
• Above £250,000: 5%

4. Using the Calculator

Instructions: Enter the property price in GBP, select property type, indicate if you're a first-time buyer or purchasing an additional property. The calculator will apply the correct rates automatically.

5. Frequently Asked Questions (FAQ)

Q1: What counts as an additional property?
A: Any property that isn't your main residence, including buy-to-let properties and second homes.

Q2: Are there different rates in Scotland and Wales?
A: Yes, Scotland uses LBTT (Land and Buildings Transaction Tax) and Wales uses LTT (Land Transaction Tax).

Q3: When is SDLT due?
A: SDLT must be paid within 14 days of completion in England and Northern Ireland.

Q4: Are there any exemptions?
A: Transfers in divorce, property left in wills, and properties under £40,000 may be exempt.

Q5: How is SDLT paid?
A: Usually by your solicitor/conveyancer as part of the purchase process, via HMRC's online service.