Stamp Duty and What it Means

Stamp Duty is a land tax that must be paid by you if you buy a property or land over a certain value in England, Wales and Northern Ireland. This currently set at £125,000 for residential properties and £150,000 for non-residential land and properties.

You need to send a Stamp Duty Land Tax return to HMRC and pay it in full within 30 days of completion on your property purchase. If you have a solicitor, agent or conveyancer, they will usually file your return and pay the tax on your behalf on the day of completion and add the amount to their fees.

The amount you have to pay relates to the price of the property you are buying. It is now calculated in a similar way to income tax with different levels of tax for different portions of the property price. You can work out how much the Stamp Duty would be on a property you are interested in using our calculator:

If you need any more information please do not hesitate discussing this with your negotiator or Geoffrey Stiff.


Residential property value SDLT rate
Up to £125,000 Zero
The portion from £125,001 to £250,000 2%
The portion from £250,001 to £925,000 5%
The portion from £925,001 to £1.5 million 10%
The remaining amount £1.5 million 12%