Stamp Duty Calculator

Stamp Duty Land Tax Calculator

Although securing the right mortgage rate is one of the most important steps of a homebuyer’s journey, there are additional costs buyers must factor into the overall purchase cost, and one of the biggest outgoings is Stamp Duty Land Tax (SDLT).

We Do Mortgage’s Stamp Duty Calculator is a handy tool that allows you to input the details of your property purchase to calculate the amount of Stamp Duty Land Tax you will owe upon completion.

What is Stamp Duty Land Tax?

Stamp Duty Land Tax (SDLT) is a tax charged on the purchase of properties or land over a certain price in England and Northern Ireland.

It's an important consideration for anyone looking to buy a property, as it can significantly impact the total cost of your purchase.

The amount of Stamp Duty you'll need to pay depends on the price of the property, whether it's your first home, and if you're buying it as a primary residence or as an additional property, such as a Buy-to-Let or a second home.

The structure of Stamp Duty Tax is tiered, meaning different portions of the property price are taxed at different rates. There are also reliefs and exemptions available, particularly for first-time buyers, which can reduce the amount of tax payable. Understanding how Stamp Duty works and calculating the potential cost is crucial for anyone entering the property market, whether you're a first-time buyer eager to get on the property ladder or an existing homeowner looking to move or invest in additional property.

Buy-to-Let Property Stamp Duty Cost

For Buy-to-Let purchases, there's an additional 3% surcharge on top of the standard rates for Buy-to-Let investors and those purchasing second homes.

This surcharge reflects the government's efforts to prioritise housing availability for first-time buyers and those looking to own homes.

Navigating SDLT can be complex, and it is always a good idea to use a Stamp Duty Calculator to estimate the amount you may be required to pay so you can plan in advance.

Our tool simplifies the calculation process, taking into account the various thresholds, rates, and exemptions that could apply to your purchase, ensuring you're fully informed about the potential costs involved in your property transaction.

Looking for a Mortgage?

If you need help finding a suitable mortgage for your next property purchase, contact We Do Mortgages to discuss your options.