Do you need help to work out stamp duty amount you’re due to pay? Well we here at The Personal Agent have created a free Stamp Duty Calculator just for that, compatible with iPhones, iPads and Android. Our calculator makes it quick and easy for you to work out what amount you owe, simply type in the value of your property, select whether it is your main or secondary residence and let it do the work.
Stamp duty calculations below reflect recent stamp duty changes in England, Wales and Northern Ireland.
New 2016 Stamp Duty Rules
With the rules introduced from April 2016 you don’t just pay a percentage on the value of your home that falls within your tax band. With the new rules you will pay that percentage in addition to the percentage of each band your house falls under.
So for instance, a home worth £255,000 will mean that you pay 5% on the value between £250,001 – £255,000 (£250) as well as 2% on the amount between £125,001 – £250,000 (£2,500) before combining them for your total amount of Stamp Duty Land Tax your due to pay, which in this case is £2,750.
Buy-to-Let and Second Homes
Furthermore if the property you’re purchasing is not your main residence, such as a buy-to-let, second home or holiday home, then an additional 3% will be added to each tax band.
Sound complicated? It needn’t be with our Stamp Duty Calculator, available now on the App Store and Google Play.
About the author
Hi, my name is Rupert and I’m the owner and Director of The Personal Agent Ltd. Richard and I launched The Personal Agent in 2004 with a vision of it being a very different kind of agency. Having worked for local estate agents, we knew what the market was looking for – a personal service tailored to the needs of those who trust us with their properties, one that genuinely listens, adapts, and consistently delivers on its promises. I am passionate about ensuring that each and every landlord and vendor we work with only ever receives the very best in service, marketing and cutting-edge innovations to ensure that they achieve their property goals and we live up to their expectations.
