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Stamp Duty Calculator Form Template

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The Stamp Duty Calculator Form Template by WPForms offers a streamlined solution for estate agents, property consultants, and individuals looking to easily calculate the Stamp Duty Land Tax (SDLT) for property purchases.

How Does the Stamp Duty Calculator Form Template Work?

The Stamp Duty Calculator Form Template requires the WPForms Pro License and the Calculations Addon to collect user information and details related to the property to automatically calculate the SDLT. Fields include:

  • Full Name: Captures the name of the individual or agent using the calculator, personalizing the experience.
  • Email Address: Essential for sending a detailed breakdown of the SDLT calculation directly to the user’s inbox.
  • Property Purchase Price: The main part of the calculation, this field takes the property’s purchase price to determine the tax bracket.
  • Are you a first-time buyer?: A critical question that adjusts the calculation based on eligibility for first-time buyer reliefs.
  • Do you own another property?: Determines if additional rates apply, ensuring the calculation reflects any extra 3% SDLT for those owning more than one property.
  • Total SDLT: An automatically calculated field that presents the final SDLT amount due, making it clear and straightforward for the user.

The Calculation Logic for the Stamp Duty Calculator Form Template

The Calculations Addon allows you to create a custom formula that handles different scenarios based on user inputs and the standard SDLT rates specified by the UK Government. The logic applied is based on the following conditions:

  • Standard SDLT Calculation
    • For properties up to £250,000, the SDLT is 0%.
    • For the portion from £250,001 to £925,000, the rate is 5%.
    • For the portion from £925,001 to £1.5 million, the rate is 10%.
    • For the portion above £1.5 million, the rate is 12%.
  • First-Time Buyer SDLT Calculation
    • No SDLT up to £425,000.
    • 5% SDLT on the portion from £425,001 to £625,000.
  • Additional 3% for Owning Another Residential Property
    • If the buyer owns another residential property, 3% is added to the SDLT rates.

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The Stamp Duty Calculator Form Template supports real estate professionals, financial advisors, and individual property buyers in navigating the complexities of SDLT. Sign up with WPForms today to access the template now!