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Stamp Duty Calculator
Unsure about stamp duty costs?
Use our stamp duty calculator designed specifically for first-time buyers in the UK to determine your potential tax obligations.
Stamp duty can be a significant cost when purchasing a home. Our calculator provides an estimate of the tax you'll need to pay, helping you budget accordingly. This tool is perfect for first-time buyers in Bath, Bristol and across the UK, giving you a clear picture of your costs based on property price. Use it to avoid surprises when budgeting for your dream home.
Enter the purchase price of your property to see an estimate of your stamp duty liability. This tool reflects current UK tax rates and first-time buyer exemptions.
*This figure is an estimate, designed to help you understand what costs may be involved regarding stamp duty. Make sure you get accurate figures from your mortgage broker before committing to any mortgage.
Stamp Duty Land Tax Rate - England & NI (Effective April 2025)
Here is an example of the stamp duty price brackets and the rate which applies to each. Be sure to check which rates apply to you with your broker, you can also obtain further information on the government website here.
Stamp Duty Example for First-Time Buyers
Example 1: You’re buying your first home for £350,000.Because you’re a first-time buyer, you don’t pay any Stamp Duty on properties up to £425,000.
So, you pay: £0 Stamp Duty!
This means you don’t have to pay extra tax when buying your home, which can save you a lot of money.
Example 2:Now imagine you’re buying a property for £500,000.First-time buyers don’t pay Stamp Duty on the first £425,000, but on the amount above that, you pay 5%.
Here’s how it works:
The first £425,000 = £0 Stamp Duty
The remaining £75,000 (£500,000 - £425,000) is taxed at 5%
5% of £75,000 = £3,750 Stamp Duty
So, on a £500,000 home, you would pay £3,750 in Stamp Duty.
FAQ
Q: What is Stamp Duty Land Tax (SDLT)?
A: Stamp Duty Land Tax is a government tax paid when purchasing a property in England or Northern Ireland. The amount depends on the property price and your buyer status.
Q: Do first-time buyers pay Stamp Duty?
A: First-time buyers benefit from relief on properties up to £500,000, meaning they pay reduced or no Stamp Duty within certain price bands.
Q: How does the Stamp Duty surcharge affect additional properties?
A: If you buy a second home or buy-to-let property, you usually pay an extra 3% on top of the standard Stamp Duty rates.
Q: Can I use this calculator in Scotland and Wales?
A: Yes. The calculator has a dropdown to select which country you'd like the stamp duty to apply to. Always check with your mortgage broker that figures are correct to your personal circumstances and location.
Q: When do I have to pay Stamp Duty?
A: Stamp Duty must be paid within 14 days of completing your property purchase.