Figure out how much Stamp Duty Land Tax (SDLT) you will have to pay if you’re purchasing a residential home in England or Northern Ireland.

As a first time buyer purchasing a £300,000 property, you will need to pay £0 for SDLT (Stamp Duty Land Tax).

From | To | Rate | Cost |
---|---|---|---|

£0 | £425,000 | 0% | £0 |

## If you are a first time buyer

If this is your first home, you are eligible for a discount (relief). Meaning, you will pay no SDLT on the first £425,000, and 5% SDLT on the amount between £425,001 and £625,000.

However, if the price is over £625,000, you cannot claim the relief and should follow the standard SDLT rates listed below.

### Examples

Below are some examples on how you will calculate the SDLT owed if you are a first time buyer for different property prices.

#### For a £300,000 property.

- 0% on the amount below £425,000 = £0
- Total SDLT = £0

#### For a £500,000 property.

- 0% on the first £425,000 = £0
- 5% on the remaining £75,000 = £3,750
- Total SDLT = £3,750

#### For a £625,000 property.

- 0% on the first £425,000 = £0
- 5% on the remaining £200,000 = £10,000
- Total SDLT = £10,000

#### For a £750,000 property.

The price is above £625,000 so you do not qualify for the relief, and standard SDLT rates are applied.

- 0% on the first £250,000 = £0
- 5% on the remaining £500,000 = £25,000
- Total SDLT = £25,000

## Purchasing your next home

If you only possess one residential property after purchasing the property, you must pay stamp duty at these rates.

Property value | SDLT rate |
---|---|

£0 - £250,000 | 0% |

£250,001 - £925,000 | 5% |

£925,001 - £1,500,000 | 10% |

Above £1.5 million | 12% |

### Examples

Below are some examples to show how you will calculate the SDLT owed for different property prices.

#### For a £300,000 property.

- 0% on the first £250,000 = £0
- 5% on the remaining £50,000 = £2,500
- Total SDLT = £2,500

#### For a £500,000 property.

- 0% on the first £250,000 = £0
- 5% on the remaining £250,000 = £12,500
- Total SDLT = £12,500

#### For a £750,000 property.

- 0% on the first £250,000 = £0
- 5% on the remaining £500,000 = £25,000
- Total SDLT = £25,000

#### For a £975,000 property.

- 0% on the first £250,000 = £0
- 5% on the next £675,000 = £33,750
- 10% on the remaining £50,000 = £5,000
- Total SDLT = £38,750

#### For a £1,300,000 property.

- 0% on the first £250,000 = £0
- 5% on the next £675,000 = £33,750
- 10% on the remaining £375,000 = £37,500
- Total SDLT = £71,250

## Purchasing your second or an additional home

If you already own a property, and purchasing the next property means you will own more than one property, you will need to pay an additional 3% on top of the SDLT rates (listed above).

Property value | SDLT rate for additional property |
---|---|

£0 - £250,000 | 3% |

£250,001 - £925,000 | 8% |

£925,001 - £1,500,000 | 13% |

Above £1.5 million | 15% |

### Examples

Below are some examples to show how you will calculate the SDLT when purchasing an additional property

#### For a £300,000 property.

- 3% on the first £250,000 = £0
- 8% on the remaining £50,000 = £2,500
- Total SDLT = £2,500

#### For a £500,000 property.

- 3% on the first £250,000 = £0
- 8% on the remaining £250,000 = £20,000
- Total SDLT = £27,500

#### For a £750,000 property.

- 3% on the first £250,000 = £0
- 8% on the remaining £500,000 = £40,000
- Total SDLT = £47,500

#### For a £975,000 property.

- 3% on the first £250,000 = £0
- 8% on the next £675,000 = £54,000
- 13% on the remaining £50,000 = £6,500
- Total SDLT = £68,000

#### For a £1,300,000 property.

- 3% on the first £250,000 = £0
- 8% on the next £675,000 = £54,000
- 13% on the remaining £375,000 = £48,750
- Total SDLT = £110,250

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