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Calculate the stamp duty

You’ll pay (2p) tax on this property

Because the (semi-detached house) you describe will () be the only property you own, (stamp duty) is set at a (standard rate)

(Standard rate) (stamp duty)

But from April 1, you’ll pay (£1,234 more) to the taxman because of the new higher rate on additional homes

Because the (semi-detached house) you describe will be the only property you own, (stamp duty) will remain at the standard rate after April 1

Higher rate (stamp duty)

On April 1, the Government (is introducing) a new higher rate of (stamp duty) for properties bought as additional homes

Higher rate (stamp duty) (will be) paid on the entire purchase price of a property

How the (stamp duty) rates compare
Band Standard rate Higher rate
£0* - £125k 0% 3%
£125k - £250k 2% 5%
£250k - £925k 5% 8%
£925k - £1.5m 10% 13%
£1.5m+ 12% 15%
Band Standard rate Higher rate
£0* - £145k 0% 3%
£145k - £250k 2% 5%
£250k - £325k 5% 8%
£325k - £750k 10% 13%
£750k+ 12% 15%
*Transactions under £40,000 do not require a tax return to be filed with HMRC and are not subject to the higher rates

The (stamp duty) due on the (semi-detached house) you describe (would be) (£3,500 more) with the higher rate applied than with the standard rate

Standard rate vs higher rate (stamp duty)
Tax due on properties costing (£120,000)

Then and now

In 1985, the average price of a (semi-detached house) in (North England) was (£26,392), and stamp duty was set at a flat rate of 1% on properties costing over £30,000

In comparison, the average price for similar properties in (North England) in 2015 was (£150,000). First-time buyers now begin paying (stamp duty) at (£125,000)

How prices have compared with the 0% threshold
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The tax due on the (semi-detached house) you described is (£3,500 more) it would have been 30 years ago

How property tax compares
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Tax due, 1985-2015
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