Buying a house? Don’t forget to factor in property tax using our Stamp Duty costs calculator.
I am buying
I am
The Stamp Duty you pay is calculated based on the price of the property you're buying.
In your case, £500,000.
As you're a first-time buyer, you don't pay Stamp Duty Land Tax on the first £300,000 of your purchase.
You pay 5% Stamp Duty on amount up to £500,000. For you, this is £10,000.
Your Stamp Duty Land Tax total is £10,000.
These calculators are provided for general guidance only and are intended to give an indicative estimate based on the information entered. They should not be relied upon as a substitute for professional advice.
Individual circumstances may vary and the results may be affected by factors not included within the calculator. Tax legislation, HMRC guidance, rates, allowances and thresholds are subject to change and may differ from those applied within the calculator.
We do not accept responsibility for any loss arising from reliance on the results produced. If you require advice tailored to your specific circumstances, please contact our office before taking any action.
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