Stamp Duty Calculator
Calculate your potential stamp duty liability when purchasing a property.
How to Use:
* Enter the property value.
* Select "Yes" or "No" to indicate first-time buyer status.
* Select "Yes" or "No" if purchasing a second property (in addition to your primary residence).
* Click "Calculate" to view your results.
How It Works:
This calculator determines your stamp duty obligation based on the property value and your buyer status. It displays the following:
* Current stamp duty liability
* Stamp duty liability from April 2025
* Difference between the two amounts
Current Stamp Duty Reliefs:
* Nil-rate threshold doubled to £250,000 for home movers and second home buyers (England and Northern Ireland) until April 2025.
* First-time buyers eligible for nil-rate threshold up to £425,000 until April 2023 (England and Northern Ireland).
Calculator Benefits:
* Provides an estimate of stamp duty costs for property purchases.
* Highlights the impact of current stamp duty reliefs.
* Assists in budgeting for moving or investment scenarios.