Stamp Duty Tax Calculator 2024/2025
Calculate what you'll owe with our updated stamp duty calculator
Stamp Duty Calculator
Stamp Duty To Pay
£0
Effective Rate
0%
The above calculator is for general interest only and must not be relied on
Stay Ahead with the Latest UK Stamp Duty Information
Stamp Duty Land Tax (SDLT) is a key consideration for anyone buying property or land in England and Northern Ireland. With changes to tax rates and thresholds on the horizon, understanding how these affect your financial planning is more important than ever.
What is Stamp Duty?
Stamp duty is a tax charged on property transactions, calculated based on the purchase price and other factors such as buyer type and property use. The tax structure is progressive, meaning you pay different rates on different portions of the property price.
Stamp Duty Rates
Current Rates (Until March 31, 2025)
| Property Value | Rate |
|---|---|
| Up to £250,000 | 0% |
| £250,001 - £925,000 | 5% |
| £925,001 - £1.5m | 10% |
| Over £1.5m | 12% |
New Rates (From April 1, 2025)
| Property Value | Rate |
|---|---|
| Up to £125,000 | 0% |
| £125,001 - £250,000 | 2% |
| £250,001 - £925,000 | 5% |
| £925,001 - £1.5m | 10% |
| Over £1.5m | 12% |
Key Changes Timeline
Additional Property Surcharge Increase
Surcharge for second homes and buy-to-let properties increases from 3% to 5%
New SDLT Rates
Updated thresholds and rates come into effect, including reduced first-time buyer relief
Housing Market Trends
Price Growth
Property prices are expected to stabilize in 2024/25 as the market adjusts to new SDLT rates and economic conditions.
Market Activity
Increased activity expected before April 2025 as buyers aim to complete purchases under current rates.
Regional Impact
London and South East markets may see the most significant adjustments due to higher average property values.
Tips to Navigate Changes
- Complete your property purchase before April 2025 to benefit from current rates
- First-time buyers should understand how updated thresholds affect them
- Consult with property tax experts to explore potential savings
- Monitor market trends as new rules approach
Frequently Asked Questions
When do I need to pay Stamp Duty?
Stamp Duty must be paid within 14 days of completing your property purchase. Your solicitor usually handles this payment as part of the conveyancing process.
How is Stamp Duty calculated on a second home?
Second homes incur an additional surcharge (currently 3%, increasing to 5% from October 31, 2024) on top of the standard SDLT rates. This applies to the entire property price if it's £40,000 or more.
What qualifies as a first-time buyer?
A first-time buyer is someone who has never owned a property anywhere in the world. Both buyers must be first-time buyers to qualify for the relief on joint purchases.
Can I add Stamp Duty to my mortgage?
While it's possible to add Stamp Duty to your mortgage, this means you'll pay interest on it over the term of your mortgage. It's generally better to pay it as a one-off cost if you can afford to.