Stamp Duty Calculator




Additional Property
Stamp Duty :
Effective Rate :
Tax Band % Taxable Sum Tax
less than £125k 3 £0 £0
less than £125k 3 £0 £0
less than £125k 3 £0 £0
less than £125k 3 £0 £0
less than £125k 3 £0 £0
Single Property
Stamp Duty : £
Effective Rate :
Tax Band % Taxable Sum Tax
less than £125k 3 £0 £0
£125k to £250k 5 £0 £0
£250k to £925k 8 £0 £0
£925k to £1.5m 13 £0 £0
rest over £1.5m 15 £0 £0

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The term ‘’ stamp duty ’’ basically refers to the tax placed by the government usually on the transfers of properties or when someone makes a purchase of some property or also taxes placed on the assets. These taxes are added when the properties such as houses, pieces of lands and buildings etc are bought. The documents which hold all the details have the amount written on it on which it is indicated that how much quantity of taxes have to be paid. These taxes are usually fixed and once the taxes are paid, then the papers are stamped and that is why these papers are usually referred to as ‘’stamp papers’’.

WHY IS TAX PAYMENT IMPORTANT?

Now the reason why stamp duty paid, is not known to some people. Certain stamp duty is added on the purchase because these stamp duty is basically the money which is used for a number of different purposes. For instance, the salaries of government workers, police forces and etc, all run on the basis of the taxes that you pay. Now referring to the government, there are many government workers such as the Law makers and etc,who earn by working but the money comes directly or indirectly from the stamp duty you pay. If you do not pay stamp duty , the chances are that you might end up in jails or might have to receive. So paying taxes is a very essential part and is more like your duty. You must fulfill your duty because it is more like your civic duty.

Stamp duty Taxes make not only the salaries and pays, but taxes are also accountable for the management of the public places by the government, for instance the public roads and etc. for their construction and renovation, stamp duty taxes are extremely essential.

THE QUANTITY TAX TO BE PAID AND HOW MUCH YOU HAVE TO PAY:

The amount and quantity of tax to be paid depends upon if the property is residential or if the property is non residential or a third condition is if it is mixed. In order to be aware of how much stamp duty payment has to be done, you have this very simple and easy to use stamp duty calculator. This stump duty calculator will help you find out how much tax needs to paid.
If you want to lower the amount of stamp duty on your property, you can do it by the claim of relief. Relief on the properties is given if you buy more than one property or more than one piece of land etc.

The SDLT might also depend upon a number of other different factors. For instance, the transferring of a debt, release of a debt and etc also effect the SDLT.

WHAT IS THE CORRECT TIME TO PAY THE SDLT:

Most of you might be confused with what is the right time to pay the SDLTs. You don’t have to Know. This super simple and easy stamp duty calculator , which when asks you to provide with all the details such as the amount of land bought and the amount of taxes to be implemented per every standard measurement, gives you the final value of what is the exact amount of money that you have to pay in order to clear your taxes.
You must pay the taxes within the 30 days of completion because in this time span and time duration, all your papers and all the information is filled and your papers are made ready. Then the only part left is the transfer of taxes counted on stamp duty calculator. Extra charges might be added if you keep on delaying per the due date.

HOW CAN ONE DO THE TRANSFER OF TAXES:

if you have an agent or conveyancer, then they would simply do the payment on your behalf. If you are busy with your jam-packed routine, then one ease for you is that your agent or conveyancer can make the payments on your behalf. After the completion and after the taxes have been paid, they would add it into their fees and you can pay their share or required amount by calculating on stamp duty calculator .
However, remember if the agent or conveyancer does not do this for you, then you can file the return and that way, you can easily pay the taxes your own self and it would be made easy if you are well aware with the amount of how much money or stamp duty that you have to pay and how much comes with your purchased amount simply check on this stamp duty calculator. However, do remember, there are some very specific condition where you do not have to file the return.

WHERE CAN YOU TAKE THE HELP FROM:

Given below is a table which you can assist if you need help with the payment of taxes.

freehold sales and transfer rate This table is very easy to understand and with comparison to the property transfer, it tells standard SDLT rate.

WHAT HAPPENS IN CASE OF ADDITIONAL PROPERTIES:

In case of addition properties, your stamp duty might be increased. For instance, you buy more than one fixed amount of property, the tax percentage of the SDLT rate which you have to make the payments on are increased by a good percentage of about three percent. But this is only in the case when there is an additional property thing. Otherwise, the SDLT does not show an increase.

In case you want to sale your previous property and purchase a new one, however, you make the purchase before and the sell shows a delay, then the standard SDLT that you would have to pay, would still be higher because at that very moment, you would be owning about 2 properties and so, the SDLT would show an increase simultaneously.

THE USE OF THE PREVIOUS SDLT RATES:

If you have qualified before for the previous SDLT rates, you have the choice to choose to pay the current SDLT with the help or with reference to the previous SDLT rates. You can use HMRC’s SDLT calculator for this purpose. This calculator will help you tell if you qualify and how much is the requirement to pay both.