Stamp duty calculator
Calculate how much stamp duty you pay for a residential UK property in 2021. The full stamp duty holiday has ended, but there’s a reduction in England and Northern Ireland until 30 September.
How much you pay depends on the price of the property, where it is and when you complete. There are discounts for first time buyers.
Stamp duty to pay if you complete between now and 30 September 2021
From 1 October 2021
Your home may be repossessed if you do not keep up repayments on your mortgage.
Our stamp duty calculation is for guidance only. Tax rules can change and people's circumstances are different.
Stamp duty holiday deadline
If you live in England and Northern Ireland, you must have completed your purchase by 30 June 2021 to qualify for the full stamp duty holiday.
Completion is when the money has been transferred and you get the keys to your new home. It is not enough to exchange. You must complete before 30 June, or you may have a larger stamp duty bill to pay.
During the stamp duty holiday, the stamp duty rate was reduced to 0% on residential property purchases up to £500,000.
Until 30 September 2021 there is a 'tapered' stamp duty holiday extension in England and Northern Ireland on purchases up to £250,000.
It will go back to £125,000 – the normal rate – on 1 October 2021.
The stamp duty holiday ended in Scotland on 31 March 2021. It ends in Wales on 30 June 2021.
Depending on where you live, if you buy a £250,000 home between now and 30 June 2021, you could save up to £2,500 in stamp duty.
By choosing one of our fastest lenders you could improve your chances of buying a home before the stamp duty holiday deadline.
The fastest lender is based on Trussle's data for June 2021.
We looked at every mortgage offer that got approved in January and selected the lender with the fastest median approval time.
The 5 lenders with the fastest median approval times in June 2021 were:
Halifax - 4 days
BM Solutions - 5 days
TSB - 11.5 days
Natwest - 12 days
HSBC - 12 days
The median approval time gives you a good idea of how fast or slow a lender is. But many mortgage applications will be approved faster or slower than the median.
Every mortgage application is different. Approval times can vary a lot depending on things like where you're buying, the property and your financial situation.
Mortgage approval times are different around the country
According to our data for June 2021, mortgage approval time also depends on where in England you are looking to buy.
North West - 19 days
North East - 7 days
Yorkshire and The Humber - 10 days
West Midlands - 13 days
East Midlands - 11 days
East of England - 17 days
London - 16 days
South East - 15 days
South West - 20 days
Read more about the stamp duty holiday and how to beat the deadline
In this guide:
What is stamp duty
Stamp Duty Land Tax (SDLT) is a tax in England and Northern Ireland. It usually applies to residential properties, or pieces of land, that cost more than £125,000.
Scotland and Wales have their own taxes that are equal to stamp duty.
You'll pay:
Land and Buildings Transaction Tax (LBTT) in Scotland
Land Transaction Tax (LTT) in Wales
Most buyers have to pay stamp duty. Aside from your mortgage, stamp duty could be the biggest cost of buying a home.
First time buyers and those buying more than one property may not have to pay it. (1)
A stamp duty calculator can help you estimate how much you’ll need to pay. It will take into account the price of your home and the stamp duty rate band it falls into.
Stamp duty holiday: No stamp duty on homes up to £500,000
The full stamp duty holiday in England and Northern Ireland has ended.
There is now a 'tapered' end to the holiday until 30 September, with no stamp duty to pay on homes up to £250,000.
On 1 October 2021, stamp duty will go back to normal across the country.
If you buy a £250,000 home between now and 30 September 2021, you would save £2,500 in stamp duty.
You could spend this money on increasing the size of your deposit or on home improvements. Putting down a bigger deposit could be a good idea as it could help you get a better mortgage deal.
If you buy a home for more than £250,000, you will pay 5% on the next £675,000 of the purchase price from £250,001 to £925,000.
The rates are still 10% and 12% for the last two bands (£925,001 to £1.5 million and above £1.5 million).
If you're buying a second home you will pay 3% on the first £250,000 of the purchase price, then 8% from £250,001 to £925,000. The usual rates of 13% and 15% apply for the last two bands.
The stamp duty holiday has already ended in Scotland and Wales.
Read more about stamp duty holidays across the United Kingdom below.
You can apply for the government’s temporary stamp duty holiday if you buy a home in England or Northern Ireland before 30 September 2021.
Scotland and Wales had their own stamp duty holidays that have ended. You can read more about them below.
Any fees and charges you’ve paid cannot be refunded.
So you cannot get this back if you’re later not able to pay stamp duty fees or put down a deposit on the home.
Make sure you can afford all the costs of the mortgage, even if you think you’re eligible for the stamp duty holiday.
You can contact us or your solicitor if you need more help.
You will not be able to get the stamp duty holiday if you’ve not completed.
Even if you’ve exchanged before the deadline.
According to our own data, it currently takes about 15 days for a mortgage to be approved after it’s submitted to the lender. This time last year it only took around 11 days.
The longer time is due to:
a backlog of in person valuations
demand for underwriting
We’re working with lenders to make sure our customers’ cases are being reviewed as quickly as possible.
Buying a home before the stamp duty holiday deadline
Based on Trussle's own data, it currently takes around 158 days to get a mortgage and complete on a property in the UK.
158 days before 30 June 2021 is 23 January 2021.
158 days is the median, which means some property purchases take less than 158 days and some take more than 158 days.
The average completion time is different around the country and it depends on the type of property you are buying.
If you would like to take advantage of the stamp duty holiday you should start your mortgage application as soon as possible to improve your chances of completing in time.
Beating the stamp duty holiday deadline for different property types
According to Trussle data, the time it takes to get a mortgage and complete on a home is different depending on the type of property.
In England, the median time to apply for a mortgage and complete on a detached house is 134 days.
134 days before the 30 June 2021 stamp duty holiday deadline is 16 February 2021.
For flats the median is 152 days.
152 days before the 30 June 2021 stamp duty holiday deadline is 29 January 2021.
For semi detached homes it's 156 days.
156 days before the 30 June 2021 stamp duty holiday deadline is 25 January 2021.
And for terraced houses the median is 164 days.
164 days before the 30 June 2021 stamp duty holiday deadline is 17 January 2021.
Completion times are different around the country. Right now they are faster in Yorkshire and Humber and slower in the South East.
How and when do I pay stamp duty?
Until 30 September 2021 you do not have to pay stamp duty if you buy a home, property or land up to £250,000 in England and Northern Ireland.
Otherwise you have to pay your stamp duty within 14 days of your move in date. If it’s not paid by then, you could risk a fine, or having interest added to the amount due.
Often your solicitor deals with your stamp duty payment. It can help to know what stamp duty is, how it’s calculated, and when it’s due.
You pay stamp duty as a lump sum on new properties, second homes, freehold and leasehold properties. It does not matter if you buy the home with a mortgage or with cash.
When do you not need to pay stamp duty?
You do not need to pay stamp duty land tax if you're:
buying a property valued below the stamp duty threshold
transferring the deeds of your home to someone
a first time buyer in England or Northern Ireland if you're buying a property that costs less than £300,000
How much is stamp duty in 2020 and 2021?
Read about the current stamp duty holiday.
The standard rate bands for stamp duty are as follows*:
0% stamp duty on first £0 - £125,000 of property value
2% stamp duty on next £125,001 - £250,000 of property value
5% stamp duty on next £250,001 - £925,000 of property value
10% stamp duty on next £925,001 - £1.5 million of property value
12% stamp duty above £1.5 million of property value
*Figures accurate as of April 2020 for the April 2020 to April 2021 tax year
The stamp duty rate you’ll pay is not confined to just one of these bands. Each band applies to the equivalent portion of the property price. For example, if you buy a house for £300,000, the stamp duty you’ll pay will be:
The first £125,000 x 0% = £0
The next £125,000 x 2% = £2,500
The final £50,000 x 5% = £2,500
Total stamp duty = £5,000
It’s a bit complicated, especially on more expensive properties, so a stamp duty calculator can be useful.
If you’re a first-time buyer, you could get stamp duty relief on properties up to the value of £500,000.
If you buy a home up to the value of £300,000, you won’t have to pay any stamp duty at all.
If your property costs between £300,000 and £500,000, you won’t have to pay anything on the first £300,000. But you’ll have to pay a rate of 5% for the remaining part.
For example, on a property that costs £450,000, your stamp duty would be:
The first £300,000 x 0% = 0%
The remaining £150,000 x 5% = £7,500
Total stamp duty = £7,500
To be eligible for this discount:
all those buying the property should be first time buyers
your property cannot have a value of over £500,000
If you’re a first time buyer and the property you’re buying is over £500,000, you’ll need to follow the standard rate bands.
The stamp duty holiday in Scotland ended on 31 March 2021.
Stamp duty in Scotland is called land and buildings transaction tax (LBTT).
To buy a single property you do not have to pay any tax on the first £145,000.
The following rates apply over the first £145,000:
2% on the value of the property between £145,000 and £250,000
5% on the part between £250,000 and £325,000
10% on the part from £325,000 to £750,000
12% on any value over £750,000
First time buyers in Scotland do not pay stamp duty on the first £175,000.
Stamp duty holiday
You do not pay stamp duty – called land transaction tax (LTT) – on the first £250,000 of the purchase price of a residential property as long as you complete by June 30 2021.
Completion is when the money has been transferred and you get the keys to your new home.
Stamp duty after the holiday
LTT is usually exempt on the first £180,000 of the property.
The following rates apply over £180,000:
3.5% between £180,000 and £250,000
5% on the part between £250,000 and £400,000
7.5% on the part between £400,000 and £750,000
10% within the next band up to £1.5 million
12% over £1.5 million
There’s not currently any relief for first-time buyers in Wales. The higher tax-free threshold of £180,000 should make most first time buys tax-free. (3)
How much is stamp duty in 2021 and 2022?
The stamp duty rates for the 2021 to 2022 tax year are currently the same as the stamp duty rates in 2020.
Stamp duty rates across England, Wales, Scotland and Northern Ireland usually change at the start of April.
Stamp duty usually stays the same for the entire tax year, which runs from the start of April to the end of March.
This year stamp duty has been a bit different as there have been stamp duty holidays in all four nations. The stamp duty holiday is different, depending on if you're buying in England, Wales, Scotland or Northern Ireland.
The full stamp duty holiday ended on 30 June 2021 in England, Northern Ireland and Wales. It ended on 31 March 2021 in Scotland.
In England and Northern Ireland there is a 'tapered' end to the holiday. The stamp duty threshold will be £250,000 until 30 September 2021.
It will go back to £125,000 – the normal rate – on 1 October 2021.
How to use our stamp duty calculator
To use our stamp duty calculator you need to provide these details:
where you're buying (England & Northern Ireland, Wales or Scotland)
if it's your first home, next home, and if you'll own multiple properties
the value of the property you're buying
Our stamp duty calculator will then calculate the total Stamp Duty Land Tax, Land and Buildings Transaction Tax or Land Transaction Tax that you'll need to pay.
If you're a first time buyer in England & Northern Ireland, our calculator will take that into account.
Our calculator will also tell you how much stamp duty you'll have to pay before and after the stamp duty holiday ends on 30 June 2021, including the tapered end until 30 September 2021.
Your mortgage adviser can give you general information on the rates you need to pay. Mortgage advisers are not qualified to give tax advice.
If you need advice on tax, then speak to an independent tax and legal specialist.
Buy-to-let stamp duty and stamp duty on a second property
Calculating stamp duty on second homes is different.
For second homes, you'll have to pay an extra 3% on the standard stamp duty rates. This is for properties over £40,000 but does not include mobile homes, houseboats, and caravans.
If you’re buying a new home and selling your old one, you’ll only need to pay the standard stamp duty rates.
If you do not sell your main property when you complete your new home, you'll have to pay the higher rates. This is because you'll own two properties.
You can get a refund once you’ve sold your original home as long as it’s within 36 months of when you first bought it.
Buying a leasehold property
Stamp duty applies on both leasehold and freehold properties. It is dealt with exactly the same way on either property.
Buying a commercial property
Calculating stamp duty on land and non-residential property is also different. This includes mixed-use land and property.
You’ll pay land tax on transactions over £150,000.
This is currently 2% of the property value from £150,000 to £250,000 and 5% on the value above £250,000.
Joint ownership and stamp duty relief
If you’re a first-time buyer of a shared ownership home, you do not have to pay stamp duty on the first £300,000 of a home worth up to £500,000.
This means all first-time buyers with a first home worth up to £300,000 is now exempt from stamp duty. (4)
Sources
(1) gov.uk
(2) International Association of Bookkeepers
(3) tax.service.gov.uk
(4) gov.uk
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