Stamp Duty Land Tax

Stamp Duty Land Tax (SDLT)

Stamp Duty is payable on purchases and on some other types of property transfer arrangements.

You will pay SDLT based on the purchase price of the house but other considerations can sometimes increase or remove this altogether. The rates of tax are set by the government and can be subject to change at short notice. You can calculate the amount you will need to pay by using HMRC’s website here: Stamp Duty Land Tax: Overview – GOV.UK. We will monitor and re-calculate the amount of tax which will be payable on your transaction at multiple points during the transaction process to protect you from any surprises.

If you are a first-time buyer,  you may be entitled to first time buyer relief (if buying jointly both of you will need to be first time buyers). 

You may have to pay additional Stamp Duty if you are buying a second property, have lived abroad or if you are purchasing in the name of a limited company.

We have access to specialist accountants to advise on further reliefs or unusual circumstances.

We will estimate your SDLT at the start of the transaction based on the information available to us at the time. Please see our Stamp Duty Guide available here for more information.