How much is Stamp Duty in the UK?

Stamp Duty is a tax you’ll pay on any property purchase over £125,000 in England and Northern Ireland, £145,000 in Scotland and £180,000 in Wales. How much you pay depends on the total value of the property.

The current rates in England are:

  • 2% between £125,000 and £250,000
  • 5% between £250,000 and £925,000
  • 10% between £925,000 and £1.5m
  • 12% on anything over £1.5m

How much is Stamp Duty in England and Northern Ireland?

In England, Stamp Duty is based on how much of the property purchase price is within each of the bands below.

Minimum property purchase price Maximum property purchase price Stamp Duty rate

Minimum property purchase price Maximum property purchase price Stamp Duty rate
£0 £125,000 0%
£125,001 £250,000 2%
£250,001 £925,000 5%
£925,001 £1,500,000 10%
£1,500,000+ - 12%

For example, if you’re buying a house worth £300,000 you’ll pay:

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the final £50,000 = £2,500

Total = £5,000

How much is Stamp Duty in Scotland?

Stamp Duty in Scotland is called Land and Buildings Transaction Tax (LBTT). It applies to properties that cost over £145,000 and uses a similar banding system.

Minimum property purchase price Maximum property purchase price Land Transaction Tax rate

Minimum property purchase price Maximum property purchase price LBTT rate
£0 £145,000 0%
£145,001 £250,000 2%
£250,001 £325,000 5%
£325,001 £750,000 10%
£750,000+ - 12%

For example, if you’re buying a house worth £300,000 you’ll pay:

  • 0% on the first £145,000 = £0
  • 2% on the next £105,000 = £2,100
  • 5% on the next £50,000 = £2,500

Total = £4,600

How much is Stamp Duty in Wales?

Stamp Duty in Wales is called Land Transaction Tax (LTT). It applies to properties valued at over £180,000 and, again, uses a banding system – although the thresholds are slightly different.

Minimum property purchase price Maximum property purchase price LTT rate
£0 £180,000 0%
£180,001 £250,000 3.5%
£250,001 £400,000 5%
£400,001 £750,000 7.5%
£750,001 £1,500,000 10%
£1,500,000+ - 12%

For example, if you’re buying a house worth £300,000 you’ll pay:

  • 0% on the first £180,000 = £0
  • 3.5% on the next £70,000 = £2,450
  • 5% on the next £50,000 = £2,500

Total = £4,950

Do I definitely have to pay it?

There are some circumstances in which you won’t pay Stamp Duty.

If you’re a first-time buyer in England or Northern Ireland, you won’t pay any Stamp Duty on properties worth up to £300,000.

On properties worth up to £500,000, you won’t pay any Stamp Duty on the first £300,000.

What if it’s my second property or a buy-to-let?

If you’re buying an additional house or flat or a buy-to-let property, you’ll have to pay an additional 3% on each of the Stamp Duty rates above.

If there’s a gap between buying your new house and selling your old one, effectively meaning you own two properties for a short period of time (less than 36 months), you may be able to claim back the extra Stamp Duty you paid.

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