The 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 calculatorStamp 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.[visualizer id=”7384″]
| 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 |
1650 Arlington Business Park, Theale, Reading, RG7 4SA
45 Pont Street, Kensington, London, SW1X 0BD