Mayflower Meadow > Stamp Duty
Stamp Duty is the tax (SDLT), charged by the Government, which you pay on completion of the purchase of your new home. It’s important to factor this cost in when purchasing a new home. To help you do the calculation please just answer the questions in our Stamp Duty Calculator. For more information on Stamp Duty, visit the Government's website.
How much will i pay?
Much like income tax rather than paying a fixed percentage dependent on the total sale price of the property, the percentage of Stamp Duty will only be applied on the portion of the property price in specific brackets.
If you are buying a second home or a buy-to-let property there is an additional 3% charge on each bracket. Don't forget you can offset the additional 3% charge against Capital Gains Tax liability when you sell. To learn more, ask our Sales Executives to suggest an Independent Financial Advisor.
Use our Stamp Duty calculator to find out how much Stamp Duty you will have to pay.
Please enter a purchase price
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You will be required to pay:
£0
If you are a first-time buyer purchasing a property up to £425,000 you are not required to pay Stamp Duty. If you are a first-time buyer purchasing a property up to £625,000, you can still benefit as you won't pay Stamp Duty on the first £425,000. If you are purchasing a property over £625,000, you follow the rules for people who have bought a home before.
