Question 1

How much stamp duty will I pay on a £300,000 property?

Accepted Answer

For a £300,000 property in England, first-time buyers pay £0 (exempt up to £300,000), standard buyers pay £2,500, and additional property buyers pay £14,500 (including the 5% surcharge).

Question 2

Do first-time buyers pay stamp duty?

Accepted Answer

First-time buyers in England and Northern Ireland pay no stamp duty on properties up to £300,000. Between £300,001 and £500,000, they pay 5% only on the amount above £300,000. Above £500,000, normal rates apply.

Question 3

What is the stamp duty on a £500,000 house?

Accepted Answer

On a £500,000 property, first-time buyers pay £3,750 (5% on £75,000), standard buyers pay £12,500, and additional property buyers pay £37,500 including the 5% surcharge.

Question 4

How is stamp duty calculated?

Accepted Answer

Stamp duty is calculated using tiered rates. You pay different percentages on different portions of the property price, similar to income tax bands. The rates from April 2025 are: 0% up to £125,000, 2% on £125,001-£250,000, 5% on £250,001-£925,000, 10% on £925,001-£1.5m, and 12% above £1.5m.

Stamp Duty Scenarios

Stamp Duty by Property Price

Stamp Duty by Buyer Situation

Standard Purchases

First Home – FTB Eligible

Joint Purchase: One FTB

Selling Home, Buying New

Keeping Old Home

First Buy-to-Let

Own Property Abroad

Post-Divorce Purchase

Complex Scenarios

House with Annexe

Flat Above Shop

Building Plot

Buying from Family

Company Purchase

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