Our Stamp Duty calculator gives a clear guide to the tax amount, taking into account the updated thresholds that came into effect on 1 April 2025.
What is Stamp Duty Land Tax (SDLT)?
Stamp Duty is a tax you pay when buying a property in England or Northern Ireland. The amount you pay depends on the property price. There are different tax bands, and the rate increases as the price goes up.
First-time buyers don’t pay Stamp Duty on properties up to £300,000.
If the property costs up to £500,000, tax is only charged on the portion above £300,000 at 5%.
For example, buying a home for £350,000 would work like this:
- 0% on the first £300,000 = £0
- 5% on the remaining £50,000 = £2,500
When do you pay Stamp Duty?
Stamp Duty must be paid within 14 days of completing your purchase. Usually, a solicitor or property professional will handle the payment and submission for you, making the process simple and stress-free.