The calculators have been updated following the introduction of a stamp duty holiday until 31st March 2021.
(Enter numbers only)
The initial stamp duty threshold for first time buyers has risen to £500k following the introduction of a stamp duty holiday. This means the majority of first time buyers will no longer pay any stamp duty.
First time buyer rates are temporarily in allignment with the rates for previous homeowners. All individuals are now able to take advantage of the stamp duty holiday which is set to last until 31st March 2021.
|Tax Band||%||Taxable Sum||Tax|
|less than £500k||0||£0||£0|
|£500k to £925k||5||£0||£0|
|£925k to £1.5m||10||£0||£0|
|rest over £1.5m||12||£0||£0|