Changing stamp duty rates have added extra fees to property purchases throughout the UK. Discover how Lawsyst can help conveyancers calculate the cost of these revised thresholds and continue to deliver exceptional legal services.
With stamp duty land tax (SDLT) thresholds now much lower than in previous years, property lawyers must ensure that they are properly equipped to help homebuyers understand these changes and pay the correct amount of SDLT when purchasing a residential property.
Lawsyst offers a convenient stamp duty calculator to make it easy for conveyancers to calculate these new SDLT rates from April 2025, and keep transaction fees transparent as clients move between properties.
Learn more about this fantastic tool below.
The UK SDLT changes that came into effect on 1 April 2025 are set to have a significant impact on the amount of stamp duty various property buyers will need to pay, as well as the ability of these people to go through with these types of purchases.
In the case of first-time buyers, the threshold at which stamp duty must now be paid has dropped from £425,000 to £300,000, with 5% payable on properties valued at between £300,000-£500,000 and further fees required thereafter.
Non-first-time buyers will now begin to pay SDLT on any purchase over £125,000, a figure considerably lower than the previous £250,000. They must also pay 10% stamp duty on any property valued between £925,001-£1,500,000, which increases to 12% on properties over this threshold.
Those buying second homes, whether for buy-to-let or holidaying purposes, must now pay 5% stamp duty on the first £125,000 of their purchase, which rises to 10% on properties between £250,001-£925,000, and increases thereafter.
Regardless of a buyer's circumstances, Lawsyst’s UK stamp duty land tax calculator is a reliable online tool that offers conveyancers a precise method of calculating SDLT rates for many different types of buyers, from individuals taking their first steps onto the property ladder to families moving to a new place of residence.
Developed to reflect any adjustments to stamp duty land tax thresholds, our SDLT calculator is an essential piece of conveyancing software that enables you to provide your clients with transparent, accurate SDLT fees at the outset of the purchasing process, ensuring no nasty surprises further down the line.
What’s more, this tool can also be used to work out the stamp duty clients must pay on non-residential and mixed land and property purchases, allowing you to act for those buying commercial premises or natural and agricultural spaces with complete confidence.
Our legal software is used by law firms across the UK searching for solutions to help them to enhance their efficiency, reduce manual work, and deliver exceptional legal services to their clients.
If you’re a conveyancer or property law specialist looking to simplify your SDLT calculations, make it easier for website visitors to get a conveyancing quote, or give potential clients the power to instruct you online, book a demonstration of our software solutions today.
