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Stamp Duty on £600,000 Property

Calculate stamp duty on a £600,000 property

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Standard rates apply - replacing main residence

Disclaimer: This tool does not constitute financial advice. We do not recommend taking actions based solely on these results. The calculator makes assumptions and results may be inaccurate due to changes in government policy, interest rates, or personal circumstances. You use this information at your own risk. We can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. For official guidance, visit Gov UK.

Quick Answer: Stamp Duty on £600,000

First-Time Buyer

N/A

Above £625k threshold

Standard Buyer

£20,000

3.33% effective rate

Additional Property

£50,000

Includes 5% surcharge

How Stamp Duty is Calculated on £600,000

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

BandRateAmountTax
£0 - £125,0000%£125,000£0
£125,000 - £250,0002%£125,000£2,500
£250,000 - £600,0005%£350,000£17,500
Total Stamp Duty£20,000

Additional Property Breakdown

ComponentAmount
Base Stamp Duty£20,000
5% Additional Property Surcharge+£30,000
Total (Additional Property)£50,000

First-Time Buyer Relief

First-Time Buyer Relief Not Available

First-time buyer relief only applies to properties up to £500,000. At £600,000, first-time buyers pay the same rates as standard home movers: £20,000.

Tips for Buyers at This Price Point

  • Negotiation tip: Consider negotiating the price down slightly to reduce your stamp duty bill.
  • Budget planning: Factor stamp duty of £20,000 into your total purchase costs alongside legal fees, surveys, and moving costs.

What Can You Buy for £600,000?

A £600,000 purchase puts buyers in mid-tier territory for London and the most expensive parts of the South East. Inner London zones 2–4 offer two-bedroom flats in areas like Clapham, Islington, or Greenwich at this price. In Edinburgh's New Town or Marchmont, £600,000 reaches a spacious three-bedroom flat or a smaller townhouse. Bath, Oxford, Cambridge, and Brighton all have active markets at this price, typically for three-to-four-bedroom family homes with gardens. In less pressured cities, such as Leeds, Newcastle, and Nottingham, £600,000 accesses significant executive or period homes that would cost several times more in London. For investors, this price point falls comfortably within the residential SDLT band structure without reaching the higher threshold bands. No first-time buyer relief applies above £500,000, making all buyers at £600,000 subject to the same standard rate structure.

Total Cost of Buying at £600,000

At £600,000, upfront costs accumulate quickly. A 10% deposit of £60,000, combined with stamp duty, legal fees (£1,800–£3,000), a survey (£500–£1,200), and mortgage arrangement fees, means total cash requirements well above the deposit alone. Buyers at this price should consider the benefit of a full structural survey rather than a basic homebuyer report. At £600,000, identifying structural issues before exchange saves significantly more than survey costs. For investors purchasing as an additional property, the 5% surcharge on the full purchase price is a substantial additional cost to factor into yield calculations.

Frequently Asked Questions

How much stamp duty on a £600,000 property?

For a £600,000 property in England: First-time buyers pay standard rates (no relief above £625k), standard home movers pay £20,000, and additional property buyers pay £50,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £600,000?

Yes, first-time buyers pay standard rates on a £600,000 property because it exceeds the £500,000 threshold for first-time buyer relief. They would pay £20,000.

What is the stamp duty on a £600,000 second home?

The stamp duty on a £600,000 second home is £50,000. This includes the standard SDLT of £20,000 plus a 5% additional property surcharge of £30,000.

What is the effective stamp duty rate on £600,000?

For a £600,000 property, the effective stamp duty rate is 3.33% for standard buyers and 8.33% for additional property purchases.

Is £600,000 above average for London property?

At £600,000, you are above the UK average but close to the London average for all property types. In outer London boroughs such as Croydon, Havering, or Barking and Dagenham, £600,000 accesses more substantial family homes. In prime inner London, this budget covers a one-bedroom flat in the most desirable postcodes. London's wide price variation means £600,000 can buy very different properties depending on the borough and property type.

How does stamp duty on £600,000 compare across the UK?

In England, a £600,000 standard residential purchase incurs SDLT on the taxable portion above the nil-rate threshold. In Scotland, the equivalent LBTT at £600,000 is higher due to Scotland's different band structure, where a 10% band begins at £325,001. Wales LTT sits at a broadly similar level to England at this price point. Buyers comparing Scottish and English purchases at £600,000 should use our Scotland vs England comparison calculator for a precise side-by-side figure.

Other Price Points

Related Guides

Note: These calculations are for properties in England and Northern Ireland. Scotland uses LBTT and Wales uses LTT with different rates.

Scotland LBTT Calculator →Wales LTT Calculator →