There are three rates of stamp duty land tax which could be applicable to the purchase of a property and are dependent on your circumstances.

Stamp Duty is a tax you might have to pay if you buy a residential property or a piece of land in England. If you’re buying your main property up until 30th June 2021, you will not have to pay Stamp Duty on properties costing up to £500,000. This will apply whether you’re a first-time buyer or have previously owned a property. Fro the 1st July to the 30th September, this exemption figure will reduce to £250,000.

Properties costing more than £500,000 (£250,000 from 1st July) will pay the Stamp Duty rate based on the value of the property over £500,000 (£250,000 from 1st July).

If you’re buying a second home, you’ll still pay Stamp Duty on a property costing more than £40,000 at the revised rates – paying an extra 3% surcharge on the full price.

This tax applies to both freehold and leasehold properties – whether you’re buying outright or with a mortgage.

Calculate your Stamp Duty

Stamp duty to pay is