Stamp Duty Land Tax – Quick Reference Guide

stamp dutyThe Chancellor announced in the 2014 Autumn Statement an overhaul of the stamp duty rates. Its aim was to cut the rate of stamp duty tax for 98% of house purchases, while raising money from those buying the most expensive homes.

This will cost the public purse £800 million and for the average priced house of £275,000 result in a £4,500 cut in tax (£3,750 down from £8,250).

Although the HMRC site has updated its SDLT online calculator, we thought it would be useful to show these changes more visually across the range of typical house prices as quick reference. See below for quick reference charts.

SDLT online calculator

Calculate Stamp Duty Land Tax (SDLT)

This calculator can be used for both residential and non-residential, freehold or leasehold property.
SDLT online calculator

Stamp Duty Bands From 4th December 2014

Purchase price bands (£ ) Percentage rate (%)
Up to 125,000 0
Above 125,000 and up to 250,000 2
Above 250,000 and up to 925,000 5
Above 925,000 and up to 1,500,000 10
Above 1,500,000+ 12

Stamp Duty Quick Reference Table/Chart

Note that the below chart is interactive; if you hover or click over the lines the values will present themselves.

Residential Purchase Price Stamp Duty AFTER 04-Dec-2014 Difference from BEFORE 04-Dec-2014
£100,000 £0 £0
£150,000 £500 – £ 1,000
£200,000 £1,500 – £ 500
£250,000 £2,500 £0
£300,000 £5,000 – £ 4,000
£350,000 £7,500 – £ 3,000
£400,000 £10,000 – £ 2,000
£450,000 £12,500 – £ 1,000
£500,000 £15,000 £0
£550,000 £17,500 – £ 4,500
£600,000 £20,000 – £ 4,000
£650,000 £22,500 – £ 3,500
£700,000 £25,000 – £ 3,000
£750,000 £27,500 – £ 2,500
£800,000 £30,000 – £ 2,000
£850,000 £32,500 – £ 1,500
£900,000 £35,000 – £ 1,000
£950,000 £38,750 £750
£1,000,000 £43,750 £3,750
£1,050,000 £48,750 – £ 3,750
£1,100,000 £53,750 – £ 1,250
£1,150,000 £58,750 £1,250
£1,200,000 £63,750 £3,750
£1,250,000 £68,750 £6,250
£1,300,000 £73,750 £8,750
£1,350,000 £78,750 £11,250
£1,400,000 £83,750 £13,750
£1,450,000 £88,750 £16,250
£1,500,000 £93,750 £18,750
£2,000,000 £153,750 £53,750
£2,500,000 £213,750 £38,750
£3,000,000 £273,750 £63,750
2018-06-01T13:27:27+00:00December 3rd, 2014|Tax|0 Comments

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