Buying a property is an expensive business. There are many costs to consider, legal, mortgage and survey to name a few, but the expense of Stamp Duty Land Tax (SDLT), commonly referred to as "Stamp Duty", is often underestimated. Stamp Duty is applied when purchasing residential property in England, Wales and Northern Ireland. Below is a table of the current rates of Stamp Duty, or please feel free to use our automatic calculator adjacent.

BandNormal Rate
Up to £250k 0%
The next £675,000 (the portion from £250,001 to £925,000) 5%
The next £575,000 (the portion from £925,001 to £1.5 million) 10%
The remaining amount (the portion above £1.5 million) 12%

Tate Partnership are members of the Property Ombudsman (TPO) redress scheme and subscribe to the Code of Practice for Selling Agents.