Calculator: Work Out How Much Tax You’ll Pay
Overview
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
The tax is different if the property or land is in:
- Scotland – pay Land and Buildings Transaction Tax
- Wales – pay Land Transaction Tax if the sale was completed on or after 1 April 2018
You pay the tax when you:
- buy a freehold property
- buy a new or existing leasehold
- buy a property through a shared ownership scheme
- are transferred land or property in exchange for payment, for example you take on a mortgage or buy a share in a house
Thresholds
The threshold is where SDLT starts to apply. If you buy a property for less than the threshold, there’s no SDLT to pay.
The current SDLT threshold for residential properties is £500,000. This changes on 1 July 2021.
The threshold for non-residential land and properties is £150,000.
Property purchases from 1 July 2021 to 30 September 2021
The SDLT thresholds will be:
- £250,000 for residential properties
- £150,000 for non-residential land and properties
The threshold for residential properties will change on 1 October 2021.
Property purchases from 1 October 2021
The SDLT thresholds will be:
- £125,000 for residential properties
- £150,000 for non-residential land and properties
These thresholds are the same as they were before 8 July 2020.
First-time buyers
From 1 July 2021, you’ll get a discount (relief) that means you’ll pay less or no tax if both the following apply:
- you, and anyone else you’re buying with, are first-time buyers
- the purchase price is £500,000 or less
You’ll also be eligible for this discount if you bought your first home before 8 July 2020.
