What is Stamp Duty and how is it calculated? Stamp duty is a tax paid by people buying property, although it varies slightly across the UK. In England and Northern Ireland buyers pay 'Stamp Duty Land Tax' (SDLT). In Scotland it's 'Land and Buildings Transaction Tax'. ...
How is stamp duty calculated? Stamp duty is calculated in a similar way to income tax in that it uses a ‘tiered structure.’ This means the same level of tax isn’t applied to the total property price. Instead, you’ll pay tax on each portion of the property price that falls into ...