1. What is Stamp Duty?

Stamp duty is a tax levied on legal documents, typically in the transfer of assets or property. In 2025, stamp duty rates may vary depending on the property value and location.

2. How Does the Calculator Work?

The calculator uses the stamp duty formula:

Where:

• \( price \) — Property price (currency)
• \( rate\_2025 \) — Stamp duty rate for 2025 (decimal)
• \( duty \) — Calculated stamp duty (currency)

Explanation: The calculation multiplies the property price by the applicable stamp duty rate to determine the tax amount.

3. Importance of Stamp Duty Calculation

Details: Accurate stamp duty calculation is crucial for property transactions, helping buyers budget for additional costs beyond the purchase price.

4. Using the Calculator

Tips: Enter the property price in your local currency and the applicable stamp duty rate as a decimal (e.g., 0.05 for 5%). Both values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: Are stamp duty rates the same everywhere?
A: No, stamp duty rates vary by country, state/province, and sometimes even by city or municipality.

Q2: Do first-time buyers pay stamp duty?
A: This depends on local regulations. Some jurisdictions offer exemptions or reductions for first-time buyers.

Q3: When is stamp duty payable?
A: Typically when the property purchase is completed, though exact timing varies by jurisdiction.

Q4: Are there additional property taxes beyond stamp duty?
A: Many locations have additional taxes like land transfer tax, property tax, or registration fees.

Q5: Can stamp duty be included in a mortgage?
A: Generally no, stamp duty is usually paid separately from the mortgage, though some lenders may offer bridging options.