Stamp duty calculator 2024. Calculate stamp duty tax payable on property sales in England and Northern Ireland. Enter sale price and situation to calculate liability.
Stamp duty in Queensland does not vary by council area. Amount payable based on property’s dutiable value and rates set by government.
Proposed 2025 changes allow market time to prepare unlike past sudden measures. Current stamp duty land tax rates charged on ‘sliced’ basis, increasing for higher values. Multiple rates may apply to different proportions of value. Rates and calculations below apply until March 2025.
Speculation about imminent changes to stamp duty as chancellor vowed to start cutting taxes. Under current system, portion between £250,001-£925,000 charged at 5%, £925,001-£1.5 million at 10%, above £1.5 million at 12%. Add 3% for second homes and landlords.
In Malaysia, a fixed RM10 stamp duty introduced in 2024 budget to replace variable rate for transfers between loved ones under wills, religious law or 1958 Distribution Act.
New March 2025 deadline creates stamp duty cliff edge with drop off in transactions, despite aiming for stability. Chancellor confirmed keeping predecessor’s changes until March 2025.
In Nigeria, 0.75% stamp duty rate on companies’ authorized share capital. Banks to charge NGN 50 stamp duty on transactions above NGN 10,000. Penalties for non payment into Federal or State Stamp Duties Accounts.
Not yet confirmed how long current temporary stamp duty rates will last in England and Northern Ireland. 0% on first £250,000 applies for now, increased from £125,000.
‘Stamp duty’ and ‘land transfer duty’ are terms for one-off payment when land is transferred from seller to buyer. A significant cost in addition to the purchase price, so buyers should understand the requirements.
In Gujarat, the basic stamp duty rate is 3.5% and the total rate is 4.9%. Based on the property’s total price including clubhouse, car park, electricity deposit etc. Ahmedabad registration charges vary by gender.
Additional Costs for Buyers
Buyer pays stamp duty on top of the purchase price. Some add to mortgage if possible, after speaking to a lender like Knight Frank Finance who often secure exclusive terms.
2025 budget changes unlikely to significantly dampen the market. Mortgage rates and house prices are more impactful. Landlords shifting stock could contribute to a muted housing market.
Government stated changes to thresholds last until March 2025. The estimated temporary increase will cost £775 million in 2022/23, rising to £1,180 million in 2023/24.