All you need to know about buying a new home with Crest Nicholson
Our buying schemes can help you move sooner
Building great places for our customers, communities and the environment
Crest Nicholson create well designed, high quality homes in sustainable communities
Stamp Duty Land Tax (SDLT) is the tax charged by the government, which you pay on completion of the purchase of your new home. The amount you pay is determined by the purchase price of your new home and whether after purchasing, it is the only home you own.
Use our Stamp Duty calculator tool below and start your search for your new home today.
Stamp Duty is calculated similarly to income tax. Rather than paying a fixed percentage on the total sale price of the property, the percentage of Stamp Duty is applied only to the portion of the property price in specific brackets.
An example for existing homeowners purchasing a new home at a purchase price of £500,000
| Purchase price bands (£) | Percentage rate (%) | SDLT due (£) |
|---|---|---|
| Up to 125,000 | 0 | 0 |
| Above 125,000 and up to 250,000 | 2 | 2,500 |
| Above 250,000 and up to 925,000 | 5 | 12,500 |
| Above 925,000 and up to 1,500,000 | 10 | 0 |
| Above 1,500,000+ | 12 | 0 |
| Total SDLT due | 15,000 |
If you are buying a second home or a buy-to-let-property there is an additional 5% charge on each bracket. If you wish, we can suggest Independent Financial Advisors to help you learn more.
If you are a first-time buyer purchasing a property up to the value of £300,000, you are not required to pay any Stamp Duty. First-time buyers purchasing a property valued between £300,001 and £500,000 can also still benefit, as you won’t pay Stamp Duty on the first £300,000. However, if you are purchasing a property over £500,000, you should follow the standard Stamp Duty rules applicable to existing homeowners.
Start your search for your new home today with our Stamp Duty calculator.
You will be required to pay:
£
in stamp duty
