The UK Stamp Duty Calendar Explained

Stamp Duty Land Tax (SDLT), commonly referred to as Stamp Duty, is a tax that must be paid by anyone purchasing a residential property in the UK. The amount of Stamp Duty payable is based on the purchase price of the property and can be a significant expense for buyers. The UK Stamp Duty calendar is used to determine the amount of Stamp Duty that must be paid on a property purchase.

The current UK Stamp Duty calendar for residential property purchases is as follows:

• Up to £125,000: 0%
• £125,001 to £250,000: 2%
• £250,001 to £925,000: 5%
• £925,001 to £1.5 million: 10%
• Above £1.5 million: 12%

For example, if you were purchasing a property for £350,000, the Stamp Duty calculation would be as follows:

• 0% on the first £125,000 = £0
• 2% on the next £125,000 = £2,500
• 5% on the remaining £100,000 = £5,000

Total Stamp Duty payable = £7,500

Calculating Stamp Duty in the UK

Stamp Duty Calculator