Contact Stamp Duty

Fill in the form below to get in touch

Sales or Lettings enquiry

Your Details

We will use your data for the purposes of your enquiry. If you would like to know more about how we use your data, please visit our Privacy Notice.
We will also send you email marketing including our newsletter which contains special offers, property photos, hot topics and useful tips. You can opt out or change your preferences at any time. If you do not wish to receive such messages, please tick this box.

All done

We received your message. Our expert local team will review your details and get back to you shortly.

If you need any more information call us on

Contact Kate Faulkner

Fill in the form below to get in touch

Your Details

We will use your data for the purposes of your enquiry. If you would like to know more about how we use your data, please visit our Privacy Notice.
We will also send you email marketing including our newsletter which contains special offers, property photos, hot topics and useful tips. You can opt out or change your preferences at any time. If you do not wish to receive such messages, please tick this box.

All done

We received your message. Our expert local team will review your details and get back to you shortly.

If you need any more information call us on

Property Search Request Valuation
Search
Call us 020 8115 5321
0m to 10m
Min Rooms
Studio
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 Bedrooms
Property Types
House
Flat / Apartment
Maisonette
More Filters
Garden
Parking
Leasehold
Freehold
Short Let
Update

Stamp duty

Everything you need to know about Stamp Duty Land Tax (SDLT)
Made in Chelsea, in 1856 With over 160 years’ experience matching people and property throughout London, we’re not only one of London’s longest established agents, but also one of the most prevalent.
The best in the business Underpinned by a culture built on energy, agility, professionalism and knowledge, our local teams live and breathe our values. That means we go to great lengths to get the best results for our clients.
Local know-how, better results Our clients benefit from better results because we intimately understand - and are proud to be a part of - the communities in which we operate.

As Benjamin Franklin famously said, “Nothing can be said to be certain except death and taxes”.

One such tax, and a bane to many, is Stamp Duty Land Tax (SDLT) which (unless you’re a first-time buyer purchasing a home for less than £300,000) is paid on freehold, leasehold, residential and commercial properties, regardless of whether you’re buying in cash or with a mortgage.

There are three categories of stamp duty, according to a person’s buying position:

  • First-time buyers
  • Buyers replacing their primary residence
  • Those purchasing properties in addition to their primary residence

The following guide explains how stamp duty is calculated for these three categories.

Benefitting from this reduced rate can be tricky in some parts of London, so here’s our selection of properties for sale London under £500,000.

Who pays stamp duty in England and who is exempt?

Stamp duty is applicable on any primary residence purchased above £125,000 and over £40,000 for additional homes. Following changes to stamp duty regulations at the end of 2017, the government established reliefs for first-time buyers purchasing property under £500,000.

How is stamp duty calculated?

The amount of stamp duty ranges from 0% to 15% of the property purchase price. As with income tax, the rate is calculated proportionately in a ‘tiered’ structure, so you’ll pay the rate for the proportion of the property that falls within that band. More on that in a moment!

Stamp duty for first-time buyers:

From November 2017, stamp duty has been abolished for first-time buyers purchasing properties up to £300,000, and is charged at a rate of 5% for the amount between £300,000 and £500,000. So if you buy a property that costs £350,000, you will pay 0% on £300,000, and 5% on £50,000.

Tax bands for first-time buyers are as follows:

Benefiting from this reduced rate can be tricky in some parts of London, so here’s our selection of properties for sale in London under £500,000.

Do I get the first-time buyer stamp duty relief if I have previously owned a share or interest in a property?

Unfortunately, under the legislation, a person who has owned any share or interest in a property, anywhere in the world, is excluded from the relief. This includes shared ownership schemes, shares in parents’ houses and if you have bought with someone else previously. Those who’ve inherited a property or were given one as a gift are also ineligible, as this counts as property ownership.

Buyers replacing their primary residence:

The stamp duty bands for those replacing a primary residence are as follows:

Second-home buyers and buy-to-let landlords:

The rates for second-home buyers and buy-to-let landlords changed in April 2016 to include a further 3% stamp duty on the full purchase of properties over £40,000. Additional properties bought for under £40,000 are exempt from stamp duty – think garages!

Second home and buy-to-let stamp duty rates are as follows:

How do I calculate how much stamp duty I owe?

Calculating stamp duty is a little complex, so here’s an example to better illustrate how it works:

For a property purchased at £700,000, no stamp duty would be paid on the first £125,000, 2% on £125,001 to £250,000 and 5% on £250,001 to £700,000, totalling £25,000.

To keep it simple, you can also use one of the many online calculators to determine the stamp duty you will pay. We always rely on the HMRC calculator.

Alternatively, for more information about stamp duty or the buying process, our expert sales teams would be happy to chat to you. Find your local Marsh & Parsons office here.

Why buy with us?

  • Over 160 years’ experience matching buyers to their ideal London properties
  • One point of contact, hundreds of properties for sale across London
  • People with wonderful properties – a team with experience, energy and excellence
  • Viewings and appointments at times that suit your schedule
  • Award-winning customer service every step of the way

Find your local office

All offices

Useful articles

First-time buyers

Looking to buy your first property?

Find out more

Buying process

A step-by-step guide to buying a property in London

Find out more

London area guides

Helping you to find your perfect home, in a location you love

Find out more

Latest properties

2 2 1
1/6

Sheen Gate Mansions

East Sheen, SW14

£650,000
This remarkable two-bedroom apartment is located on the first floor of a handsome red brick mansion block in East Sheen. With just shy of 1300 sqft, the property benefits from an abundance of entertaining and living space and it is flooded with natural light. There is a double reception room, two...
0 1 1
1/6

Larkhall Rise

Clapham Common/ Old Town, SW4

£250p/w
This lovely studio apartment is situated on the first floor of an impressive semi-detached Victorian house and is fully equipped for a single professional wishing to live in the area. Neutrally decorated, it comprises a reception area with plenty of space for dining and a raised sleeping area, se...
1 1 1
1/6

Leathwaite Road

Between The Commons, SW11

£415p/w
This immaculate one-bedroom property benefits from an abundance of storage and wooden floors throughout. There is a spacious double bedroom with large bay windows, a modern bathroom and an open plan kitchen living area comprising a bespoke fitted kitchen complete with breakfast bar. There are bi-...
3 1 2
1/10

Thornlaw Road

Streatham Hill, SE27

£595,000
The flat enjoys 1300Sqft of living accommodation. The first floor comprises a large reception room, fitted kitchen, W/C and two bedrooms. The second floor has a master bedroom and a separate bathroom. Further benefits include storage in the eaves and a private garden. Thornlaw Road is located clo...
3 1 2
1/1

Randolph Avenue

Kilburn Pk, W9

£1,850p/w
A stunning three bedroom property set on the third floor of this handsome period building (with lift) on a very sought after road in Little Venice. The property has undergone extensive refurbishment and offers three excellent sized double bedrooms, two modern bathrooms (one end suite), a spacious...

Latest news & Events

10 things to do on a Friday night in London Read more
How to improve your credit score (and what the credit reference agencies don’t tell you!) Read more
Bringing the outside in. Connecting with nature in the home Read more
New Streatham Hill Office Strengthens Marsh & Parsons’ London Network Read more

Marsh & Parsons is registered in England (Company No. 05377981) Registered office address: 80 Hammersmith Road, London, W14 8UD (VAT No. GB 842 7959 83) | Copyright © Marsh & Parsons 2018

Client Money Protection is provided by Propertymark. The redress scheme for Marsh & Parsons is The Property Ombudsman Scheme. Calls may be recorded and/or monitored for training and/or data protection purposes. We are members of The Property Ombudsman (TPO), there to protect your interests. We abide by the TPO code of conduct.