When you buy a residential property in England and Northern Ireland over a certain price you have to pay Stamp Duty Land Tax (SDLT).
The tax is paid to the government within 14 days of completion of the sale via an SDLT return to HMRC. If you have a solicitor, estate agent or conveyancer, they’ll usually file your return and pay the tax on your behalf on the day of completion and add the amount to their fees. They’ll also claim any relief you’re eligible for, such as if you’re a first-time buyer. You can also file the return and pay the tax yourself if you wish to do so.
On 8th July 2020 the Government announed a stamp duty holiday to support the economy through the COVID-19 crisis. This holiday lasts until 31st March 2021.
Use our Stamp Duty Calculator below to calculate how much stamp duty you could pay depending on the your reason for purchasing the property and it's value.