Stamp Duty Land Tax Calculator UK
Calculate Stamp Duty Land Tax (SDLT) for property purchases in England and Northern Ireland. This calculator includes the latest rates, additional property surcharge, and reliefs for 2024.
SDLT Summary
Tax Breakdown
2024 SDLT Rates
Understanding UK Stamp Duty Land Tax
Stamp Duty Land Tax (SDLT) is a tax paid on property purchases in England and Northern Ireland. It's calculated as a percentage of the property price and varies depending on whether it's your main residence, an additional property, or a buy-to-let investment.
SDLT Rates for Residential Properties 2024
Main Residence Rates
| Property Value | SDLT Rate | First-Time Buyer Rate |
|---|---|---|
| £0 - £125,000 | 0% | 0% |
| £125,001 - £250,000 | 2% | 0% |
| £250,001 - £925,000 | 5% | 5% |
| £925,001 - £1,500,000 | 10% | 10% |
| £1,500,001+ | 12% | 12% |
Additional Property Surcharge
3% Surcharge for Additional Properties
Additional 3% SDLT for buy-to-let properties and second homes
Properties Subject to Surcharge
- Buy-to-let properties
- Second homes
- Holiday homes
- Replacement main residences (sometimes)
Properties Exempt from Surcharge
- Main residence
- Properties owned for <6 months
- Inherited properties
- Certain social housing
First-Time Buyer Relief
First-time buyers can claim relief on properties up to £625,000. This means no SDLT on the first £425,000 (instead of £300,000 for other buyers), effectively saving up to £5,000 on properties in this price range.
How SDLT is Calculated
SDLT Calculation Method
Step 1: Determine Property Type
Main residence, additional property, or commercial affects applicable rates
Step 2: Apply Rates to Each Band
Different rates apply to different portions of the property price
Step 3: Add Surcharges if Applicable
3% additional surcharge for buy-to-let and second homes
Step 4: Apply Reliefs
First-time buyer relief or other applicable reliefs
SDLT Reliefs and Exemptions
Common Reliefs
- First-Time Buyer Relief
- Multiple Dwellings Relief
- Mixed Use Relief
- Right to Buy Relief
- Social Housing Relief
Exemptions
- Properties under £40,000
- Certain lease extensions
- Gifts of property
- Property transfers between spouses
- Court orders and bankruptcies
Payment and Returns
SDLT must be paid within 30 days of completion for residential properties, or 14 days for non-residential. Returns must be filed online via HMRC's portal. Late payment incurs interest and penalties.
SDLT in Different UK Nations
While England and Northern Ireland use SDLT, Scotland uses Land and Buildings Transaction Tax (LBTT) and Wales uses Land Transaction Tax (LTT). Rates and reliefs vary between nations.
Key Takeaways for UK SDLT
- SDLT is paid on property purchases over £40,000
- Rates range from 0% to 12% depending on property value
- 3% surcharge for additional properties and buy-to-let
- First-time buyers get relief up to £625,000
- Tax calculated on progressive bands
- Various reliefs available for special circumstances
- Payment due within 30 days of completion
- Online returns required for most purchases