Use these calculators to work out how much Stamp Duty Land Tax (SDLT) you need to pay.
You can use the SDLT calculators for most transactions involving the sale or transfer of land or property to help you to work out how much to pay.
There’s a new calculator for residential property transactions effective from 4 December 2014. The new calculator also displays tax due under the previous rules.
You can’t use the calculators for residential properties with chargeable consideration over £500,000 where the 15% rate of SDLT applies. You’ll need to perform a manual calculation instead.
These calculators and rates don’t apply to Land and Buildings Transaction Tax (LBTT), which will apply to land transactions in Scotland from April 2015. Information about LBTT rates and bands can be found on the Scottish Government website.
Calculator for freehold transactions or assigned leases
This calculator (land and property section) will help you work out how much SDLT you may need to pay when you:
- buy or transfer freehold land or property
- take on an assigned lease
Before you start you’ll need:
- the effective date of your purchase - this is usually the date of completion
- the total amount of chargeable consideration for any transactions that are linked to this transaction
- for mixed use property, a breakdown of how much rent is for the residential element and how much is for the business element
Calculator for new leases
You can use HMRC’s SDLT on leases calculator to help you work out how much SDLT you may need to pay on the grant of a new lease.
If your transaction involves a residential lease, you can use the new calculator to determine SDLT due on the lease premium, and the SDLT on leases calculator to determine if any SDLT is due on the rental element.
When you access the calculator you’ll find a glossary which will help you understand some of the terms.
You’ll be asked to enter some details, so before you start make sure you have:
- the effective date of the transaction - this is usually the date of completion
- the start and end dates as specified in the lease
- the total premium payable (for non-residential or mixed used properties)
- the rent payable in each of the first 5 years, if you know it