What is Stamp Duty?
Stamp Duty Land Tax (SDLT) is a tax applied to property and land purchases in England. The amount you pay depends on factors such as the purchase price, whether you’re a first-time buyer, and if you own additional properties.
Who Needs to Pay Stamp Duty?
Stamp Duty is payable by buyers purchasing residential or commercial property above a certain price threshold. The rates can vary depending on government policies, so it’s important to check the latest information before making a purchase.
How Much is Stamp Duty?
Stamp Duty rates are subject to change, and different rules apply for first-time buyers, second homes, and buy-to-let properties. To view the most up-to-date rates, visit the official UK Government website: Check Current Stamp Duty Rates
Stamp Duty Calculator
To find out how much Stamp Duty you may need to pay, use the online calculator below: Use the Stamp Duty Calculator
When and How to Pay Stamp Duty
Stamp Duty must be paid within 14 days of completion. Your solicitor or conveyancer will typically handle this on your behalf.
Need Advice?
If you have any questions about Stamp Duty or need guidance on your property purchase, our team is happy to help. Contact us today!
Disclaimer
The information on this page is provided for general guidance only and should not be considered legal or financial advice. Stamp Duty rates and regulations are subject to change, and we recommend checking the official UK Government website or consulting a qualified professional for the latest details. Equity Estate Agents is not responsible for any decisions made based on the information provided on this page.
