Stamp duty calculator

Using our simple stamp duty calculator, you can find out how avoiding stamp duty land tax can affect your total tax burden.
By: Jonah Keri
Jonah Keri
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He… read more.
Updated: Feb 5, 2021

Until March 31st, 2021 in the UK, you will pay no Stamp Duty Land Tax on the purchase of your main property, up to a value of £500,000. The Invezz stamp duty calculator lets you determine the savings you stand to realise from that relaxation in the law, and what it will mean for your budget. Keep reading to see how our stamp duty calculator works.

How to use our stamp duty calculator

To calculate the impact of paying vs. not paying stamp duty, follow these steps:

  1. Enter in the purchase price of your property.
  2. Indicate if this is your primary home, or a second home/investment property.
  3. Click calculate.

How the stamp duty calculator works

Our stamp duty calculator works by assessing what kind of property you own, then telling you the cost of the stamp duty you’ll have to pay based on your answer. It’s a cost calculator, one that serves as a reminder that the current relaxation of the stamp duty in much of the UK (excluding Scotland and Wales) stands to save you thousands of dollars.

If the property in question is your primary home and costs less than £500,000, the stamp duty you will owe is zero. If it’s your second home or an investment property, the current stamp duty you stand to pay is 3%; on a second home/investment property that costs £500,000, that would mean paying £15,000 in stamp duty.

Why should I use it?

It’s all about budget, and knowing exactly how much your home purchase will cost. If you know that you’re going to save several thousand pounds on stamp duty, you’ll have capital available that you wouldn’t have before. You can then put that money to good use, paying off debts or investing in potentially profitable assets.

What is stamp duty? 

Stamp duty is a tax applied to the purchase of properties (or documents). The name comes from the old practice of placing a physical stamp onto a document to indicate that the stamp duty had been paid before the document in question became legally effective. More modern versions of the stamp duty no longer require an actual stamp.

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Jonah Keri
Financial Writer
Jonah Keri is a trader and analyst who spent 11 years at Investor's Business Daily covering the markets. He now writes about stocks, cryptocurrencies, and other… read more.