Stamp duty on £750,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £27,500 | £27,500 | £65,000 |
| Scotland (LBTT) | £48,350 | £47,750 | £108,350 |
| Wales (LTT) | £36,750 | £36,750 | £73,700 |
How it is calculated (England and Northern Ireland)
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the next £500,000 = £25,000
- Total: £27,500
Additional property: the standard £27,500 plus 5% of the whole price (£37,500) = £65,000.
Scotland and Wales
- Scotland (LBTT): £48,350 for a home mover, £47,750 for a first-time buyer and £108,350 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £36,750 at the main rates (also for first-time buyers) and £73,700 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £750,000?
£27,500 in England and Northern Ireland for a home mover, £27,500 for a first-time buyer and £65,000 for an additional property.
How much stamp duty on £750,000 for a first-time buyer?
£27,500 in England and Northern Ireland: the relief only applies to homes up to £500,000.
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.