Stamp duty is the tax you pay when you buy a home in Gibraltar. How much depends on three things: the price, whether you're a first or second-time buyer, and the size of your mortgage. Put your numbers into the calculator to see what you'd pay, then read on for how it's worked out.
Stamp duty calculator
A guide only, using the rates in this article. It leaves out legal fees and Land Registry costs. Your lawyer will confirm the exact amount.
Who counts as a first or second-time buyer
You get the lower rates if every buyer is an individual buying their first or second home in Gibraltar, and the property is a single home that is entirely residential.
You don't get them if:
- you're buying through a company, or
- any one of the buyers is buying their third property or more.
If you're not sure, ask your lawyer before you make an offer, because it can change the bill by thousands.
First and second-time buyers
The first £300,000 is free of stamp duty. Above that, each slice of the price is taxed at its own rate, like income tax bands:
| Part of the price | Rate |
|---|---|
| Up to £300,000 | 0% |
| £300,001 to £350,000 | 5.5% |
| £350,001 to £800,000 | 3.5% |
| Over £800,000 | 4.5% |
How it's worked out
Take a £400,000 flat:
| Slice | Rate | Stamp duty |
|---|---|---|
| First £300,000 | 0% | £0 |
| Next £50,000 (£300,001 to £350,000) | 5.5% | £2,750 |
| Last £50,000 (£350,001 to £400,000) | 3.5% | £1,750 |
| Total | £4,500 |
More examples:
- £300,000: nothing to pay
- £350,000: 5.5% of £50,000 = £2,750
- £600,000: £2,750 plus 3.5% of £250,000 (£8,750) = £11,500
- £1,000,000: £2,750 plus 3.5% of £450,000 (£15,750) plus 4.5% of £200,000 (£9,000) = £27,500
Everyone else
This covers companies, and buyers who already own two or more properties in Gibraltar. The whole price decides which band you're in, and each band has its own formula:
| Purchase price | How stamp duty is worked out |
|---|---|
| £200,000 or less | Nothing |
| £200,001 to £350,000 | 2% of the first £250,000, plus 5.5% of anything above £250,000 |
| Over £350,000 | 3% of the first £350,000, plus 3.5% of the next £450,000, plus 4.5% of anything above £800,000 |
How it's worked out
Take the same £400,000 flat. The price is over £350,000, so:
| Part | Rate | Stamp duty |
|---|---|---|
| First £350,000 | 3% | £10,500 |
| Next £50,000 (£350,001 to £400,000) | 3.5% | £1,750 |
| Total | £12,250 |
More examples:
- £250,000: 2% of £250,000 = £5,000
- £300,000: 2% of £250,000 (£5,000) plus 5.5% of £50,000 (£2,750) = £7,750
- £750,000: 3% of £350,000 (£10,500) plus 3.5% of £400,000 (£14,000) = £24,500
- £900,000: £10,500 plus 3.5% of £450,000 (£15,750) plus 4.5% of £100,000 (£4,500) = £30,750
Stamp duty on your mortgage
Your mortgage deed is stamped too, at a small percentage of the amount you borrow:
| Mortgage | Rate |
|---|---|
| £200,000 or less | 0.13% |
| Over £200,000 | 0.20% |
For example, a £150,000 mortgage costs £195 and a £300,000 mortgage costs £600. The calculator applies the rate to the whole loan.
A full example
A couple, both first-time buyers, buy a £400,000 flat with a £300,000 mortgage:
| Stamp duty on the purchase | £4,500 |
| Stamp duty on the mortgage | £600 |
| Total stamp duty | £5,100 |
If they already owned two flats between them, the purchase duty alone would be £12,250.
Other things to know
- Between spouses: transferring a property between husband and wife or civil partners carries no stamp duty.
- Government affordable housing: if you sell a Government-built affordable home within 10 years of buying it, a special 7.5% rate can apply. There are exceptions, for example forced sales or a family moving up to a bigger affordable home.
- Off-plan purchases: a bill published in March 2025 proposed a 0.5% special stamp duty on off-plan purchases. As of August 2026 it had not become law.
- Budget 2026: no changes to stamp duty were announced in the July 2026 Budget.
- Other costs: stamp duty isn't the only cost. Budget for your lawyer's fees, Land Registry fees, a survey and any mortgage arrangement fee too.
Sources
- PwC Worldwide Tax Summaries: Gibraltar, other taxes (reviewed August 2026)
- EY: Gibraltar issues Budget 2026
- Century 21 Gibraltar: buying costs and taxes
- NP Estates: stamp duty
- HM Government of Gibraltar
These rates were checked in October 2026. Stamp duty is set by law and can change, so always confirm the final figure with your lawyer before you exchange.
