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 | £300,000 | 0% | £0 |
If you are a first‑time buyer
From 1 April 2025, first‑time buyers pay no SDLT on properties up to £300,000, and 5% on the portion between £300,001 and £500,000.
If the purchase price exceeds £500,000, you cannot claim relief and must follow the standard SDLT rates listed below.
Examples
Below are some examples showing how to calculate the SDLT owed if you are a first time buyer for different property prices.
For a £300,000 property.
- 0% on the first £300,000 = £0
- Total SDLT = £0
For a £500,000 property.
- 0% on the first £300,000 = £0
- 5% on the next £200,000 = £10,000
- Total SDLT = £10,000
For a £750,000 property.
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the next £500,000 = £25,000
- Total SDLT = £27,500
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 – £125,000 | 0% |
| £125,001 – £250,000 | 2% |
| £250,001 – £925,000 | 5% |
| £925,001 – £1,500,000 | 10% |
| Above £1.5 million | 12% |
Examples
Below are some examples showing how to calculate the SDLT owed for different property prices.
For a £300,000 property.
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the next £50,000 = £2,500
- Total SDLT = £5,000
For a £500,000 property.
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the next £250,000 = £12,500
- Total SDLT = £15,000
For a £750,000 property.
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the next £500,000 = £25,000
- Total SDLT = £27,500
For a £975,000 property.
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the next £675,000 = £33,750
- 10% on the next £50,000 = £5,000
- Total SDLT = £41,250
For a £1,300,000 property.
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the next £675,000 = £33,750
- 10% on the next £375,000 = £37,500
- Total SDLT = £73,750
Purchasing your second or 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 5% on top of the SDLT rates (listed above).
| Property value | SDLT rate |
|---|---|
| £0 – £125,000 | 5% |
| £125,001 – £250,000 | 7% |
| £250,001 – £925,000 | 10% |
| £925,001 – £1,500,000 | 15% |
| Above £1.5 million | 17% |
Examples
Below are some examples to show how you will calculate the SDLT when purchasing an additional property.
For a £300,000 property.
- 5% on the first £125,000 = £6,250
- 7% on the next £125,000 = £8,750
- 10% on the next £50,000 = £5,000
- Total SDLT = £20,000
For a £500,000 property.
- 5% on the first £125,000 = £6,250
- 7% on the next £125,000 = £8,750
- 10% on the next £250,000 = £25,000
- Total SDLT = £40,000
For a £750,000 property.
- 5% on the first £125,000 = £6,250
- 7% on the next £125,000 = £8,750
- 10% on the next £500,000 = £50,000
- Total SDLT = £65,000
For a £975,000 property.
- 5% on the first £125,000 = £6,250
- 7% on the next £125,000 = £8,750
- 10% on the next £675,000 = £67,500
- 15% on the next £50,000 = £7,500
- Total SDLT = £90,000
For a £1,300,000 property.
- 5% on the first £125,000 = £6,250
- 7% on the next £125,000 = £8,750
- 10% on the next £675,000 = £67,500
- 15% on the next £375,000 = £56,250
- Total SDLT = £138,750
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