Stamp Duty Calculator

Stamp Duty Land Tax is the tax that the government charges when you purchase a property over £200,000. You pay different rates depending on the value of your property and the amount of your mortgage (if any).

No stamp duty is payable by first and second time buyers on the first £260,000 of the purchase cost.

There are a number of duties and disbursements as follows:

1) Stamp Duty: The Gibraltar Stamp Duties Act 2005 (as amended by the Stamp Duties (Amendment) Act 2010) relates only to transactions involving real estate property situate in Gibraltar. The rates of duty applicable are as follows:

(i) Nil % where:
a. The property value does not exceed £200,000, or
b. The property value does not exceed £260,000 in those instances where the purchaser is a first-time buyer or second-time buyer, or
c. Where the property is being transferred between spouses or, following the dissolution of a marriage, between former spouses.

(ii) 2% on the first £250,000 and 5.5% on the balance, where the property value exceeds
£200,000 but does not exceed £350,000, and

(iii) 3% on the first £350,000 and 3.5% on the balance where the property value exceeds

Additionally, if the property is purchased with the assistance of a mortgage, stamp duty is charged at the rate of 0.13% where the amount borrowed does not exceed £200,000 and 0.20% for amounts in excess of £200,000.

2) Land Titles Register: a fee of £125 per deed is charged for recording the transaction in the Land Titles Register.

The registration procedure referred to above should not be confused with the Land Registration procedure in the United Kingdom. In Gibraltar there is only a requirement under the Land Titles Act to register the deed in order to keep a public record of property transactions. As a result, the protection afforded by the priority of periods granted under the Land Registry rules in the UK is not available in Gibraltar.

On a mortgage 0.2% of the loan amount.

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