Calculators

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Salary & Dividends calculations

Assumptions: These calculations are for illustrative purposes only. If you want a more accurate view of your earnings for the tax year 2018/19, simply contact us for a bespoke calculation.

All calculations are based on the income and expenses entered by you.

Total take-home pay is the salary taken  and dividends available to withdraw after our estimation of company tax due.

Total income is based on daily earnings rate, days worked per week, and weeks worked per year.

Your result doesn’t include any reimbursed expenses. Business expenses entered are assumed to be allowable, therefore reducing taxable profits or earnings.

An individual's personal tax allowance per year is £11,850 (2018-19).

It is assumed there are no earnings from other sources.

The Corporation and Income tax amounts are estimates based on the figures you've entered.

The business is incorporated in the UK with a single director / shareholder.

Director’s salary from the limited company is assumed to be £8,424.

Employment allowance is not taken into account.


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England & NI Stamp Duty Calculator (Buy to let)

Assumptions: Stamp duty calculations reflect the recent stamp duty changes in England and Northern Ireland. Stamp duty for most first time buyers has been permanently abolished.

Stamp duty rates have increased for anyone purchasing an additional property. From April 2016 a 3% surcharge has been applied on top of the normal SDLT rate. This means buy to let purchases now attract higher levels of SDLT unless individual ownership is limited to a single property. From April 2018 Land Transaction Tax (LTT) has replaced stamp duty in Wales. LTT rates are 3% higher for additional property.


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Scotland Stamp Duty Calculator (Buy to let)

Assumptions: Stamp Duty in Scotland is now called Land and Buildings Transaction Tax (LBTT). Like the rest of the UK, LBTT rates are linked to property purchase price.

The Scottish LBTT system is broadly based on the existing SDLT scheme. LBTT rates increase in line with property price and LBTT rate thresholds have been introduced with clear demarcation between the different bands.

LBTT rates in Scotland

New LBTT rates were introduced from April 2015. Under the new LBTT system buyers pay tax on amounts between bands, not on the full purchase price of a property.

Taxation rates in the rest of the UK are different to the LBTT rates in Scotland.

What are the current LBTT Rates?

The current Land and Buildings Transaction Tax rates are shown in the table below:

LBTT Rates (previous home owners)

Band

Normal Rate

Additional Property

* An additional property purchased for less than £40k will attract 0% tax. For purchases from £40k to £145k the rate will be 3% on full purchase price.

less than £145k

0%

3%*

£145k to £250k

2%

5%

£250k to £325k

5%

8%

£325k to £750k

10%

13%

rest over £750k

12%

15%

For a single property purchase, no tax will be paid on the first £145,000. Between £145,000 and £250,000 buyers will pay 2% within this band, 5% on the portion between £250,000 and £325,000, 10% within the next band up to £750,000 and 12% over that.


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Welsh Stamp Duty Calculator (Buy to let)

Assumptions: Land Transaction Tax in Wales. Land Transaction Tax (LTT) has now replaced stamp duty in Wales. The new LTT system was announced by the Welsh Government in the October 2017 Budget and came into force in April 2018.

LTT is payable when you buy or lease a building or land over a certain price. The new LTT taxation system is broadly consistent with the existing SDLT structure in England and Northern Ireland.

The changes are designed to make the new tax fairer, improve taxation effectiveness and to enable a focus on Welsh needs and priorities.

LTT rates in Wales

New LTT rates and bands were introduced from April 2018. LTT is broadly based on SDLT with buyers paying tax on amounts between bands, not on the full purchase price of a property.

What are the new LTT rates in Wales?

The new LTT rates in Wales are shown in the table below:

New LTT Rates

Band

Normal Rate

Additional Property

* Under the new LTT structure an additional property purchased for less than £40k will attract 0% tax. For purchases from £40k to £180k the LTT rate will be 3% on full purchase price.

less than £180k

0%

3%*

£180k to £250k

3.5%

6.5%

£250k to £400k

5%

8%

£400k to £750k

7.5%

10.5%

£750k to £1.5m

10%

13%

rest over £1.5m

12%

15%

For a normal purchase LTT is exempt on the first £180,000. Between £180,000 and £250,000 buyers will pay 3.5% within this band, 5% on the portion between £250,000 and £400,000, 7.5% on the portion between £400,000 and £750,000, 10% within the next band up to £1.5 million and 12% over that. For additional property, such as buy to let or second homes, there will be a 3% surcharge applied to all bands.

LTT for buy to let and second homes

Under the new LTT system a 3% surcharge applies to all transactions involving the purchase of an additional property. Additional property types include buy to let investments and second homes. In line with the rest of the UK, the surcharge applies to the full purchase price above an initial threshold of £40,000.

LTT for first time buyers

Specific first time buyer relief is not currently available under the new LTT system but the higher zero tax threshold of £180k should capture most first time purchases.


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VAT Calculator (inclusive)

Assumptions: It calculates VAT value included in the sale price using your chosen VAT rate and sale price.