Home movers
If you are buying your next main home, you pay £2,000 on £225,000.
| Band | Rate | Price in band | Tax |
|---|---|---|---|
| £1 to £125,000 | 0% | £125,000 | £0 |
| £125,001 to £250,000 | 2% | £100,000 | £2,000 |
First-time buyers
First-time buyers pay no Stamp Duty on a home costing up to £300,000, so on £225,000 you pay nothing: a saving of £2,000 on what a home mover pays.
| Band | Rate | Price in band | Tax |
|---|---|---|---|
| £1 to £300,000 | 0% | £225,000 | £0 |
Everyone buying must be a first-time buyer, and the home must be your main residence. The first-time buyer calculator also adds up your deposit and other costs.
Second homes and buy-to-let
If you will own more than one home at the end of the day you complete, a 5% surcharge applies to every band. On £225,000 that is £13,250 in total, £11,250 more than a home mover pays.
| Band | Rate | Price in band | Tax |
|---|---|---|---|
| £1 to £125,000 | 5% | £125,000 | £6,250 |
| £125,001 to £250,000 | 7% | £100,000 | £7,000 |
Replacing your main home
If you buy before selling, you pay the surcharge but can claim it back if you sell your previous main home within 3 years.
Scotland and Wales
Scotland and Wales have their own taxes instead of Stamp Duty. On a £225,000 home:
| England and NI | Scotland (LBTT) | Wales (LTT) | |
|---|---|---|---|
| Home mover | £2,000 | £1,600 | £0 |
| First-time buyer | £0 | £1,000 | £0 |
| Second home | £13,250 | £19,600 | £12,825 |
Wales has no separate first-time buyer relief. Work out the details with the LBTT calculator or the LTT calculator.
When and how you pay
Your conveyancer usually files the return and pays HMRC for you. The tax is due within 14 days of completion and cannot be paid in instalments, so it needs to be in your budget alongside the deposit, legal fees and survey. The moving house costs calculator adds them up.
Nearby prices
| Price | Home mover | First-time buyer | Second home |
|---|---|---|---|
| Stamp Duty on £150,000 | £500 | £0 | £8,000 |
| Stamp Duty on £175,000 | £1,000 | £0 | £9,750 |
| Stamp Duty on £200,000 | £1,500 | £0 | £11,500 |
| £225,000 | £2,000 | £0 | £13,250 |
| Stamp Duty on £250,000 | £2,500 | £0 | £15,000 |
| Stamp Duty on £275,000 | £3,750 | £0 | £17,500 |
| Stamp Duty on £300,000 | £5,000 | £0 | £20,000 |
See Stamp Duty at every price from £100,000 to £2 million, or use the Stamp Duty calculator for any price.