Stamp Duty

Stamp Duty Land Tax (SDLT) is payable by a buyer when they purchase a property in the UK.

There are some reliefs which can apply to SDLT when purchasing a residential property which reduces the amount payable, such as first-time buyer relief, however with residential Buy-To-Let property SDLT will apply and there is an additional surcharge for non-UK residents.

The calculator here works out how much would be payable based on the purchase price of a buy-to-let property so you can factor this in when budgeting for your next purchase.

It should be stressed that this is a generic guide. As with everything relating to personal tax, both your individual circumstances and the property you purchase will dictate the tax payable.

We strongly advise that you speak to a professional qualified accountant or tax advisor about your own situation before committing to anything, Seven Generations is not qualified or regulated to give financial advice including tax advice.