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Stamp Duty calculator

As announced by the government, the stamp duty holiday ended on 30 September 2021. As a result, if you’re buying a house that costs more than £125,000, you’ll need to pay stamp duty.

What is stamp duty?

Stamp Duty Land Tax (SDLT) is a property transaction tax that is to be paid on any property worth over £125,000. As a home buyer, you will be the ones paying stamp duty rather than the seller.

How much stamp duty you will pay depends on which bracket your new home sits in. The more expensive the property, the more stamp duty you’ll pay.

For more information on stamp duty, visit the government’s website.

Stamp Duty Calculator:

Use our handy Stamp Duty Calculator to find out how much Stamp Duty you will need to pay when purchasing your new home.

You won't pay any stamp duty on a main residence up to £125,000, unless you’re a first-time buyer and then it’s up to £300,000!

Those purchasing an additional or buy-to-let property are required to pay an additional 3% surcharge on top of each stamp duty band.

Property or lease premium or transfer value SDLT rate
Up to £125,000 Zero
The next £125,000 (the portion from £125,001 to £250,000) 2%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

First-time buyers can still benefit from a reduction after 1 October 2021. This means you’ll pay:

  • No stamp duty up to £300,000
  • 5% stamp duty on the portion from £300,001 to £500,000

You’re eligible if you and anyone else you’re buying with are first-time buyers. If the price is over £500,000, you’ll pay 5% on the portion up to £925,000, and 10% on anything over that.

I am a first-time buyer
I'm buying my next home
I'm buying a second home / buy to let

Expert advice and guidance at Bovis Homes

For further advice and guidance on stamp duty, the buying process, or our new build homes near you, get in touch with our helpful sales team.