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Buy to let stamp duty calculator

Buy to let Stamp Duty calculator

Buy to let Stamp Duty Calculator

 

Stamp Duty Land Tax is a tax that is payable when you purchase residential property in England, Wales or Northern Ireland

This tax is likely to apply if you are buying a property to let in England, Wales or Northern Ireland

The tax is charged on the property purchase price

In Scotland you do not pay Stamp Duty. Instead you pay Land and Buildings Transaction tax which is perhaps a better name for this tax. In Scotland the rates charged are different to those shown below

You must pay stamp duty within 30 days of completion

Quite often you will pay this tax through your solicitor

The stamp duty rate payable on buy to let property is higher than is payable when you buy or move home

The following rates for stamp duty apply to a let property purchase in England, Wales or Northern Ireland

Property Purchase Price
or Transfer Value
Stamp Duty land tax %
0 - 125,0003
125,001 - 250,0005
250,001 - 925,0008
925,001 - 1,500,00013
1,500,001 +15


The tax has to be calculated in a similar way to income tax; different rates apply to different tranches of borrowing. This is more easily shown with some examples.....

If you buy a property to let for 300,000...

 Stamp Duty
on the first 125,0003,750
on the next 125,0006,250
on the next 50,0004,000
Total stamp duty to pay14,000



If you buy a property to let for 800,000...

 Stamp Duty
on the first 125,0003,750
on the next 125,0006,250
on the next 550,00044,000
Total stamp duty to pay54,000





Buy to let Stamp Duty Calculator for England, Wales and Northern Ireland

Please enter purchase price

(Do NOT enter or commas)

The stamp duty payable will be...