How Much Stamp Duty Land Tax Will I Pay?

Stamp duty rates are calculated mostly based on the property price at purchase, and it’s easy to get caught out by these fees. When the Covid-19 pandemic was at it’s worst, there was a brief period during 2020 and 2021 where discounted rates were applied for buy-to-let-investors; this period ended and returned to existing stamp duty rates pre-2020. For your stamp duty bill, it’s important to consider the following:

• You’ll pay zero stamp duty if your property purchase is worth £40,000 or less. The marginal rates below apply if your property is worth more than £40,000.
• You’ll pay 3% stamp duty on the portion of your property purchase between £0 and £125,000.
• You’ll pay 5% on the portion of your purchase price between £125,001 and £250,000.
• You’ll pay 8% on the portion of your purchase price between £250,001 and £925,000.
• You’ll pay 13% on the portion of your purchase price between £925,001 and £1,500,000.
• You’ll pay 15% on any portion of your purchase price above £1,500,000.

As an example, if you bought a BTL property for £220k, you’d be charged 3% on the first £125k (which would be £3,750) and 5% on the remaining £95k (which would be £4,750); leaving you with a total stamp duty tax bill of £8,500. While there are stamp duty exemptions for first time buyers, anyone building their buy-to-let portfolio should not be blindsided by their stamp duty land tax bill.

How much stamp duty will your next property acquisition cost? Find out with our handy stamp duty calculator!

Don’t forget your deposit

Many buyers fixate on stamp duty – but it’s only a small fee compared to your mortgage deposit.

Find out the deposit you’ll need to secure your property with our simple buy-to-let deposit calculator.

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What is stamp duty?

Stamp duty (also known as stamp duty land tax or SDLT) is a tax charged on certain property sales, which the buyer is liable to pay within 14 days of their property purchase.

Stamp duty is charged at different rates depending on the purchase price of the property, as well as the status of the buyer and the location of the property. First-time residential buyers typically pay less stamp duty than previous residential buyers (or perhaps none at all, depending on the price of the property), while those purchasing a second home or a buy-to-let will pay more.

You can find out exactly how much stamp duty your property purchase will incur using the calculators above.

Why Choose SPV Mortgages Stamp Duty Calculator?

SPV Mortgages have been offering a huge range of property services for both first-time ,landlords and experienced landlords – and our stamp duty calculator is extremely reliable. Whether you’re just stepping into the world of buy-to-let investments or you wish to expand your portfolio with an additional property or two, we can guarantee our services are exactly what you’re looking for. Some of the reasons our clients choose us include:

• Reliable and easy-to-use stamp duty calculator for landlords
• Highly experienced to assist with a range of SPV mortgage needs
• Fair and reasonable prices for our stellar services
• Friendly and professional team

To find out more, or to arrange for contact from our team, please fill out our contact form now with all relevant information and we will be in touch as soon as possible!

For our stamp duty calculator and more, reach out to SPV Mortgages today!

If you would like more information or to speak with our team about our stamp duty calculator – or any of our specialised services – please make sure you fill out our contact form now! We’re here to help, and we strive to get in touch with you as soon as we can to assist you with your inquiry. In addition to our stamp duty calculator, we can also assist you with SPV bridging loans, SPV insurance, and more!