Stamp Duty on £400,000 Property
Calculate stamp duty on a £400,000 property
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Quick Answer: Stamp Duty on £400,000
First-Time Buyer
£5,000
Standard Buyer
£10,000
2.50% effective rate
Additional Property
£30,000
Includes 5% surcharge
How Stamp Duty is Calculated on £400,000
Stamp duty is calculated using tiered rates. You pay different percentages on different portions of the property price, similar to income tax bands.
Standard Buyer Breakdown
| Band | Rate | Amount | Tax |
|---|---|---|---|
| £0 - £125,000 | 0% | £125,000 | £0 |
| £125,000 - £250,000 | 2% | £125,000 | £2,500 |
| £250,000 - £400,000 | 5% | £150,000 | £7,500 |
| Total Stamp Duty | £10,000 | ||
Additional Property Breakdown
| Component | Amount |
|---|---|
| Base Stamp Duty | £10,000 |
| 5% Additional Property Surcharge | +£20,000 |
| Total (Additional Property) | £30,000 |
First-Time Buyer Relief
First-time buyers pay NO stamp duty on this property!
Properties up to £425,000 are completely exempt from stamp duty for first-time buyers who have never owned a property before. This saves you £10,000 compared to a standard buyer.
Tips for Buyers at This Price Point
- First-time buyers: You're eligible for relief. Make sure you haven't owned property anywhere in the world before.
- Negotiation tip: Consider negotiating the price down slightly to reduce your stamp duty bill.
- Budget planning: Factor stamp duty of £10,000 into your total purchase costs alongside legal fees, surveys, and moving costs.
Frequently Asked Questions
How much stamp duty on a £400,000 property?
For a £400,000 property in England: First-time buyers pay £5,000, standard home movers pay £10,000, and additional property buyers pay £30,000 including the 5% surcharge.
Do first-time buyers pay stamp duty on £400,000?
No, first-time buyers pay no stamp duty on a £400,000 property. Properties up to £425,000 are completely exempt from stamp duty for first-time buyers.
What is the stamp duty on a £400,000 second home?
The stamp duty on a £400,000 second home is £30,000. This includes the standard SDLT of £10,000 plus a 5% additional property surcharge of £20,000.
What is the effective stamp duty rate on £400,000?
For a £400,000 property, the effective stamp duty rate is 2.50% for standard buyers and 7.50% for additional property purchases.
Other Price Points
£250,000
Calculate stamp duty on a £250,000 property
FTB relief range£300,000
Calculate stamp duty on a £300,000 property
FTB relief range£500,000
Calculate stamp duty on a £500,000 property
FTB relief range£625,000
Calculate stamp duty on a £625,000 property - FTB threshold
FTB relief range£750,000
Calculate stamp duty on a £750,000 property
Standard range£1,000,000
Calculate stamp duty on a £1 million property
Includes 10% band£1,500,000
Calculate stamp duty on a £1.5 million property
Includes 10% band
Related Guides
Note: These calculations are for properties in England and Northern Ireland. Scotland uses LBTT and Wales uses LTT with different rates.