That’s right folks, you have to pay Stamp Duty (or Stamp Duty Land Tax, to give it its full name) if you’re buying property or land costing over £125,000. Use this calculator to work out how much Stamp Duty you’ll need to pay if you’re buying a new home.
The rate you pay depends on the purchase price of the property. The rates were changed on December 4, 2014.
This tax affects both freehold and leasehold properties – regardless if you’re a cash buyer or applying for a mortgage
Calculate your stamp duty
The table below shows the different rates, starting at 2% for properties costing from £125,001.