A Better Way To Live
Find your new home
Find your new home
Where would you like to live?

Find your new home

How many bedrooms would you like?

  • One bedroom
  • Two bedroom
  • Three bedroom
  • Four bedroom
  • 5+ bedrooms

What property style are you looking for?

  • Detached
  • Semi-Detached
  • Terraced
  • Apartments
  • Bungalow
  • Town House

Distance

40 miles
0 miles
100 miles

Learn more about Stamp Duty

Discover all you need to know about Stamp Duty and how much you may need to pay when purchasing your new home by using our Stamp Duty payment calculator.

What is Stamp Duty?

Stamp Duty Land Tax, often referred to as SDLT or Stamp Duty, is a tax due on all property purchases, new or pre-owned. If you’re not a first-time buyer, this applies to all properties worth over £125,000 across England only, and comes into effect when you purchase land or other buildings too. If you’re buying a home in Wales costing more than £180,000, you’ll have to pay Land Transaction Tax (LTT) on your purchase. Please note tax rates differ between England and Wales.

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How do you pay Stamp Duty?

Your solicitor or conveyancer is normally the person who calculates and pays your Stamp Duty on your behalf, however you can pay HMRC directly if you so choose. All Stamp Duty must be paid within a maximum of 14 days after completion.

Stamp Duty-Balmoral-44132

How much will I have to pay?

Before December 2014, the figure was just a uniform percentage of the total purchase price. But now it ranges from 0% on the first £125,000 of the property price, to 12% of the value over £1.5m. The tax in the rate bands increases with the overall property value at the time of purchase.

Rates on your first home

First-time buyers do not pay Stamp Duty on the first £300,000 of their home. Therefore, if you buy your first home for less than this, you will not pay any Stamp Duty. With properties valued up to £500,000, you won’t pay any Stamp Duty on the first £300,000.

If you buy your home for between £300,001 and £500,000, you’ll only pay 5% on that portion of the purchase price. The standard Stamp Duty rates apply to properties valued over £500,000. Use the calculator below to work out how much Stamp Duty you’ll need to pay on your new home.
stamp-duty

Home mover rates

When you buy a property you're planning to live in (and you've owned a property before), you'll pay Stamp Duty on each portion of the property price, however you won’t pay any if you buy a residential property that costs less than £125,000. Use the calculator below to work out how much Stamp Duty you’ll need to pay on your new home.

Stamp Duty-Richmond-46684

Rates on a second home

Don't forget if you’re purchasing a second home or have the intention of renting your newly-purchased property out, then higher rates of Stamp Duty are typically imposed. This usually means that an extra rate of 3% is added to the standard Stamp Duty tax bands.

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Stamp Duty Rates

I'm a first time buyer
House Price (Minimum)
House Price (Maximum)
Stamp Duty Rate
£0
£125,000
0%
£125,001
£250,000
2%
£250,001
£925,000
5%
£925,001
£1.5 million
10%
Over £1.5 million
-
12%

Remember, if you're a first time buyer and the property you are purchasing is over £500,000 then standard stamp duty rates will apply to your purchase.

House Price (Minimum)
House Price (Maximum)
Stamp Duty Rate
£0
£300,000
0%
£300,001
£500,000
5%

Work out the cost of Stamp Duty

I'm a first time buyer
Required Stamp Duty £0

Ways to help you move

Discover how easy and affordable moving into a new Redrow home can be when you use our range of incentives that are designed to help you move.

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Help-to-Buy

Help to Buy

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Help to Buy equity loans are available on new build homes up to the value of £600,000 in England and up to £300,000 in Wales to first tim...
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Early Bird

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