Stamp Duty/LBTT Calculator
Use the Miller Homes calculator to work out how much Stamp Duty/LBTT you'll pay. If you're buying a home in England, you'll also be taking advantage of the government's recent Stamp Duty cut. This means home movers will now not pay any stamp duty on the first £250,000 (and up to £425,000 for first time buyers) - an instant saving of up to £2,500 or even more if you are a first time buyer.
Stamp Duty & LBTT FAQs
What is stamp duty?
Stamp Duty Land Tax (SDLT) is a tax that you need to pay when you buy a home in England or Northern Ireland over a certain threshold. The amount that you pay will depend on the price of the property, as well as when you choose to purchase it, since the thresholds can change.
What is Land and Buildings Transaction Tax (LBTT)?
Land and Building Transactions Tax (LBTT) is a tax that you need to pay when you buy a home in Scotland over a certain threshold. It’s the equivalent of Stamp Duty in England and Northern Ireland. To learn more about LBTT and how it works, read our guide: What is LBTT in Scotland?.
How much stamp duty will I have to pay?
If you are purchasing in England, the amount you have to pay depends on the value of the property that you are buying. Currently, the threshold for stamp duty on residential properties is £250,000, and £425,000 for first-time buyers, so you won’t have to pay anything up to this amount. After this, the following band rates apply:
|
Property Value |
Stamp Duty Rate |
|
Up to £250,000 |
0% |
|
£250,001 to £925,000 |
5% |
|
£925,001 to £1,500,000 |
10% |
|
Over £1,500,000 |
12% |
Will I have to pay stamp duty as a first-time buyer?
Not unless the home that you are buying costs more than £425,000. If it’s over this amount, the following band rates currently apply in England:
|
Property Value |
Stamp Duty Rate |
|
£0 to £425,000 |
0% |
|
£425,001 to £625,000 |
5% |
Note: If the property value is over £625,000, normal stamp duty rates will apply and no first-time buyer relief is available.
How much LBTT will I have to pay?
LBTT rates in Scotland differ to stamp duty rates in England and Northern Ireland. Currently, you’ll need to pay LBTT on any home worth more than £145,000 (£175,000 for first-time buyers). There’s no LBTT to pay up to this amount, then the following band rates apply:
|
Property Value |
Stamp Duty Rate |
|
£0 to £145,000 |
0% |
|
£145,001 to £250,000 |
2% |
|
£250,001 to £325,000 |
5% |
|
£325,001 to £750,000 |
10% |
|
Over £750,000 |
12% |
Will I have to pay LBTT in Scotland as a first time buyer?
Currently, first-time buyers don’t have to pay LBTT on the first £175,000. After this, the following band rates apply:
|
Property Value |
Stamp Duty Rate |
|
£0 to £175,000 |
0% |
|
£175,001 to £250,000 |
2% |
|
£250,001 to £325,000 |
5% |
|
£325,001 to £750,000 |
10% |
|
Over £750,000 |
12% |
Be first to know! Register or login now so you don't miss out on priority email alerts, exclusive offers and more!
- Save your amazing homes and developments
- Use our app to help find your new home
- Exclusive alerts about new homes and offers
- Plus, pre-reserve your new home online