How much tax will you have to pay when buying a property in the UK?

I am a first-time buyer
Property is a buy to let or second home

Based on a property / land value of , there will be Stamp Duty due.

BandRateDue
Up to £125,0000%£0
Above £125,000 to £250,0002%
Above £250,000 to £925,0005%
Above £925,000 to £1,500,00010%
Above £1,500,00012%
Total{{model.effective}}% Stamp Duty due
BandRateDue
Up to £300,0000%
Above £300,000.01 to £500,0005%
Total{{model.effective}}% Stamp Duty due

*Properties under £40,000 are not subject to second home SDLT

*Updated Dec 1st 2017

If you're a first-time buyer and not buying a property worth more than £500,000 then you will not have to pay a penny in stamp duty on the first £300,000 and then just 5% of any proportion above £300,000 but below £500,000.

The following is a breakdown:

Purchase priceRate on first property
Up to £300,0000%
£300,000.01 – £500,0005%

Need some more help with working out how much tax you'll need to pay? Get in touch today for a call back!

Not ready to sell yet?

No problem, if you just want an informal chat about your property’s current value or any other moving advice please contact one of our expert team.

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