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Property tax calculator
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| Is this an additional property? | ||
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| Total tax payable | £ |
These figures are provided based on our interpretation of the current tax rules. You should seek professional legal or tax advice to confirm the precise tax liability in relation to any property you are planning to purchase.
In England and Northern Ireland you pay Stamp Duty Land Tax (SDLT).
In Scotland you pay Land and Buildings Transaction Tax (LBTT).
In Wales you pay Land Transaction Tax (LTT).
Higher rates of tax apply in all countries when you are buying an additional property such as a buy to let, holiday home or second property.
Relief is available for first time buyers who are purchasing a property in England, Northern Ireland and Scotland. There is no first time buyer relief in Wales.
From 8 July 2020 the SDLT threshold has been increased to £500,000 for England and Northern Ireland. This will apply until 30 June 2021. The rates of SDLT payable have not changed.
From 15 July 2020 the LBTT threshold has been increased to £250,000 for Scotland. This will apply until 31 March 2021. The rates of LBTT payable have not changed.
From 27 July 2020 the LTT threshold has been increased to £250,000 for Wales. This will apply until 30 June 2021. The rates of LBTT payable have not changed.