Stamp Duty Calculator

How to Use the Stamp Duty Calculator

This Stamp Duty Calculator helps you determine the stamp duty tax applicable to your property purchase in the UK. By following these steps, you can easily calculate the tax along with the total cost and the effective tax rate.

Step 1: Enter Property Purchase Price

Property Purchase Price (£): Start by entering the value of the property you intend to purchase. This field requires you to input a valid number representing the purchase price in pounds (£). Make sure to enter a non-negative number, and the input should not contain any symbols or letters. The field will increment by 1 for every unit increase or decrease.

Step 2: Select Type of Buyer

Type of Buyer: Choose the appropriate buyer type from the dropdown list provided. The available options are:

• First Time Buyer: Select if this is your first ever property purchase.
• Home Mover: Select if you are moving to a different home and selling your current property.
• Additional Property: Select if you are buying an additional property alongside properties you currently own.

Ensure that you make a selection as this field is mandatory for accurate calculation.

Step 3: Review Result Fields

Once the necessary inputs are provided, the calculator will automatically compute the following details:

• Stamp Duty Tax: This field displays the calculated stamp duty tax based on the property price and the type of buyer selected. The amount is presented in GBP and formatted to two decimal places.
• Effective Tax Rate: This field shows the effective tax rate as a percentage. It is calculated by dividing the stamp duty by the property price and multiplying the result by 100, and is displayed to two decimal places.
• Total Cost: This field indicates the total cost of purchasing the property, including the stamp duty tax. The value is shown in GBP and is also formatted to two decimal places.

Review these results to understand the financial implications of your property purchase.