A clear stamp on stamp duty.
Stamp Duty Land Tax (SDLT): what you need to know.
Stamp Duty Land Tax is a tax you may need to pay when buying a property in England or Northern Ireland.
How much you pay depends on the purchase price and your buyer status. For example, a first-time buyer or landlord.
SDLT is worked out in bands. You pay each rate only on the portion of the price that sits within that band, not on the full amount.
As it can make a real difference to your moving budget, it's crucial to work out your SDLT. Use our calculator for a quick estimate, then speak with your solicitor for the confirmed figure.
Estimate your Stamp Duty.
Plan your next move with confidence.
If you’d like help planning your next move - especially if you’re buying in Berkshire, Surrey, or Hampshire - talk to your local Prospect team. We’ll give you clear advice based on today’s market.
Things to consider...
If you’re a first-time buyer and the property is £500,000 or less, you’ll pay:
- 0% up to £300,000
- 5% on the portion from £300,001 to £500,000
If the price is over £500,000, standard rates apply.
If you’re buying a buy-to-let or second home and you’ll own more than one property after completion, an extra 5% surcharge applies on top of the standard rates.
This is why stamp duty is usually higher for landlords.
SDLT is normally handled by your solicitor, but it’s good to know the timing. You must submit the SDLT return and pay any tax due within 14 days of completion.
