Money Saving Expert Stamp Duty Calculator

Buying a property in the UK involves more than just finding the right home - you'll need to pay stamp duty, a tax on property purchases. Our stamp duty calculator helps you estimate how much you'll owe based on the property price and your situation.

How to Use This Calculator

Using our stamp duty calculator is simple:

Enter the purchase price of the property in the "Property Price" field
Select whether you're a first-time buyer or not
Click "Calculate" to see your estimated stamp duty

The calculator will show you the total stamp duty you'll need to pay, broken down by tax bands if applicable.

Current UK Stamp Duty Rates

As of 2023, UK stamp duty rates are as follows:

Price Range	First-Time Buyer Rate	Standard Rate
Up to £300,000	0%	0%
£300,001 to £500,000	5%	5%
£500,001 to £925,000	10%	10%
£925,001 to £1.5 million	15%	15%
Over £1.5 million	12% + 2% on amount over £1.5 million	12% + 2% on amount over £1.5 million

Note

Stamp duty rates are subject to change. Always check the latest rates with HM Revenue & Customs before making a purchase.

How Stamp Duty Works

Stamp duty is a tax on property purchases in England and Wales. The amount you pay depends on:

The purchase price of the property
Whether you're a first-time buyer
Whether you're buying a residential or commercial property

First-time buyers can get a discount on stamp duty if they meet certain criteria, including:

Never having owned a property before
Not having lived in a property for more than 6 months in the last 3 years
Not having inherited a property in the last 4 years

Stamp Duty Calculation Formula

Stamp duty is calculated as follows:

Determine the applicable tax band based on the property price
Calculate the tax for each band by multiplying the band amount by the applicable rate
Sum the taxes from all bands to get the total stamp duty

Worked Examples

Example 1: First-time buyer purchasing a £400,000 property

Calculation:

First £300,000: £0 (exempt)
Next £100,000 (£300,001-£400,000): 5% of £100,000 = £5,000
Total stamp duty: £5,000

Example 2: Standard buyer purchasing a £600,000 property

Calculation:

First £300,000: £0 (exempt)
Next £200,000 (£300,001-£500,000): 5% of £200,000 = £10,000
Next £100,000 (£500,001-£600,000): 10% of £100,000 = £10,000
Total stamp duty: £20,000

Frequently Asked Questions

How do I know if I qualify for first-time buyer relief?

You qualify for first-time buyer relief if you've never owned a property before, haven't lived in a property for more than 6 months in the last 3 years, and haven't inherited a property in the last 4 years.

Do I need to pay stamp duty on a leasehold property?

Yes, you'll need to pay stamp duty on a leasehold property, but the calculation is the same as for a freehold property.

Can I pay stamp duty in installments?

Yes, you can pay stamp duty in installments if you're buying a property through a mortgage. Your lender will usually deduct the stamp duty from your mortgage payments.

Is stamp duty the same in Scotland and Northern Ireland?

No, stamp duty rates and rules differ in Scotland and Northern Ireland. This calculator covers England and Wales only.