Stamp duty on £250,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £2,500 | £0 | £15,000 |
| Scotland (LBTT) | £2,100 | £1,500 | £22,100 |
| Wales (LTT) | £1,500 | £1,500 | £14,950 |
How it is calculated (England and Northern Ireland)
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- Total: £2,500
First-time buyer: 0% on the first £250,000 = £0. Total £0.
Additional property: the standard £2,500 plus 5% of the whole price (£12,500) = £15,000.
Scotland and Wales
- Scotland (LBTT): £2,100 for a home mover, £1,500 for a first-time buyer and £22,100 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £1,500 at the main rates (also for first-time buyers) and £14,950 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £250,000?
£2,500 in England and Northern Ireland for a home mover, £0 for a first-time buyer and £15,000 for an additional property.
How much stamp duty on £250,000 for a first-time buyer?
£0 in England and Northern Ireland, £1,500 in Scotland and £1,500 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.