Stamp duty on £175,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £1,000 | £0 | £9,750 |
| Scotland (LBTT) | £600 | £0 | £14,600 |
| Wales (LTT) | £0 | £0 | £8,750 |
How it is calculated (England and Northern Ireland)
- 0% on the first £125,000 = £0
- 2% on the next £50,000 = £1,000
- Total: £1,000
First-time buyer: 0% on the first £175,000 = £0. Total £0.
Additional property: the standard £1,000 plus 5% of the whole price (£8,750) = £9,750.
Scotland and Wales
- Scotland (LBTT): £600 for a home mover, £0 for a first-time buyer and £14,600 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £0 at the main rates (also for first-time buyers) and £8,750 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £175,000?
£1,000 in England and Northern Ireland for a home mover, £0 for a first-time buyer and £9,750 for an additional property.
How much stamp duty on £175,000 for a first-time buyer?
£0 in England and Northern Ireland, £0 in Scotland and £0 in Wales, which has no first-time buyer relief.
Is stamp duty charged on the whole price?
No. Each rate only applies to the part of the price inside its band, like Income Tax. The exception is the surcharge for additional properties, which is charged on the whole price.