Stamp Duty you will pay on this property

Results based on SDLT rules from 4 December 2014

Purchase price
Total SDLT due
(first time buyer)
Total SDLT due
(first home)
Total SDLT due
(Buy-to-let or second home)
£350,000 £2,500 £7,500 £18,000

This is a breakdown of how the total amount of SDLT was calculated.

First Time Buyer

Purchase price bands Percentage rate SDLT due
Up to £300,000 0% £0
Above £300,000 and up to £500,000 2% £2,500
Total SDLT due £2,500

First Home

Purchase price bands Percentage rate SDLT due
Up to £125,000 0% £0
Above £125,000 and up to £250,000 2% £2,500
Above £250,000 and up to £925,000 5% £5,000
Above £925,000 and up to £1,500,000 10% £0
Above £1,500,000+ 12% £0
Total SDLT due £7,500

Based on the previous Stamp Duty rules, you will save £3,000.

Buy-to-let or second home

Purchase price bands Percentage rate SDLT due
Up to £40,000 0% £0
Above £40,000 and up to £125,000 3% £3,750
Above £125,000 and up to £250,000 5% £6,250
Above £250,000 and up to £925,000 8% £8,000
Above £925,000 and up to £1,500,000 13% £0
Above £1,500,000+ 15% £0
Total SDLT due £18,000