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how much is stamp duty

How much is stamp duty and when do I pay?

This tax on home buyers is one of the major costs you'll need to factor in when budgeting for your new property. Whether you're a first-time buyer or you're moving house, we take you through everything you need to know about stamp duty, how much it costs and when you need to pay.

1. What is stamp duty and who pays it?

  • Stamp duty, or Stamp Duty Land Tax if you want to use the official jargon, is a levy that you pay to HM Revenue & Customs when you are buying a home.
  • It is always the home buyer that pays stamp duty and not the seller.
  • You will have to pay stamp duty if you are buying a property for over £125,000, whether it is leasehold or freehold (See Table 1 below for the rates and thresholds that apply).
  • If you’re a first-time buyer, you are exempt from paying any stamp duty so long as the property costs less than £300,000.
  • If you are a first-time buyer purchasing a property for between £300,000 and £500,000, you will still benefit from the relief as you won’t have to pay any stamp duty on the first £300,000. However, you’ll be taxed at 5% on the remainder.
  • If you are a first-time buyer purchasing a property for over £500,000 you won’t get any benefit from the new relief and will have to pay the standard stamp duty charge (see Table 2 below).
  • If you are buying an additional property as a second home or a buy-to-let you’ll have to pay a stamp duty surcharge of 3% on top of the standard rate.

2. How much stamp duty do I have to pay?

The rate of stamp duty you pay depends on what price threshold your property falls into. It also depends on whether you qualify for stamp duty relief as a first-time buyer or whether you have to pay a  surcharge because you are purchasing a buy-to-let or second home.

The table below sets out the stamp duty thresholds and rates that apply. The first column  shows how much you need to pay if you have bought a home before and have to pay the standard rate of stamp duty. In the second column you will see how the stamp duty surcharge will affect you if you are purchasing a buy-to-let or additional property. In the second table you can see the rates that apply if you’re a first-time buyer.

Table 1: Standard stamp duty thresholds and surcharge for extra properties

how much stamp duty do I pay on first and second home or buy to let property

Table 2: Stamp duty relief for first-time buyers

stamp duty

3. Stamp duty calculator

Stamp duty is calculated in the same way income tax works.  For example, if the agreed price of a home being purchased by an existing homeowner is £375,000, stamp duty is calculated as follows:

0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the final £125,000 = £6,250
Total stamp duty payable = £8,750

For a first-time buyer, the purchase of a home worth £375,000 is calculated as follows:

0% on the first £300,000 = £0
5% on the next £75,000 =£3,750
Total stamp duty payable = £3,750

To calculate exactly how much stamp duty you will need to pay, use our free stamp duty calculator

4. Do I qualify for first-time buyer relief?

The definition of a first-time buyer in relation to stamp duty relief is quite strict. In order to benefit from this tax reduction, you must never have owned or part-owned a property before either in this country or abroad. If you are buying with a partner who has owned a home before, unfortunately you will not qualify. The same is true if you are buying jointly with your parents and they have owned a home.  You will also be disqualified from the relief if you have previously inherited a share of a home.

5. What stamp duty rates apply to leasehold homes?

In most cases, you will pay stamp duty on the purchase price of a leasehold home at the standard rates.  But, if you are buying a brand new property which has a new lease, or an older property that has just been divided up and therefore new leases have been issued (known as ‘unassigned leases’),  you may need to pay an additional stamp duty charge. This 1% extra charge o will only apply if the total  value of the rent you have to pay over the lifetime of the lease exceeds £125,000. HMRC has a calculator on its website which you can use if you think this charge might apply to your purchase.

6. Does stamp duty apply to fixtures and fittings?

  • Stamp duty does NOT apply to removable fixtures or “chattels” like freestanding furniture, carpets or curtains. But it does apply to fixtures and fittings like bathroom and kitchen fittings, and built in wardrobes, which are attached to the building
  • You can reduce your stamp duty bill by subtracting the value of removable fittings from the total price of the property. For example, if carpets are included in the sale of a flat, the buyer and seller must agree a realistic price which reflects their age and quality, and then subtract it from the total price to calculate the stamp duty
  • Buyers have been known to try to reduce their stamp duty bills by massively exaggerating the value of fixtures, but the HMRC has cracked down on this. You should expect to be able to justify the value of the fixtures to the taxman

7. Are there any other exceptions?

  • Homes registered to companies rather than individuals and cost more than £500,000 have a rate of 15%
  • Charities may be able to get relief from stamp duty when they buy land and property for charitable purposes
  • Right to Buy transactions may qualify for stamp duty discounts
  • A relief from stamp duty may be available where a registered social landlord buys land and property
  • Zero-carbon homes (including flats) under £500,000 are exempt from stamp duty. Zero-carbon homes over £500,000 have their stamp duty bill reduced by £15,000
  • A full list of stamp duty exemptions and reliefs are listed on the HMRC website here.

8. When do I have to pay stamp duty?

You have to pay within 30 days of the day on which you are entitled to take possession of your new house. You still have to submit a return even if you are not due to pay any stamp duty on the purchase price of your property, unless the property costs less than £40,000.  Your solicitor or conveyancer should ensure that you do not miss the deadline.

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  1. We are so sorry to hear about your situation. From what you have written, it sounds like the estate agent is acting improperly and illegally. You may find our guide on how to complain about an estate agent useful – https://hoa.org.uk/advice/guides-for-homeowners/i-am-selling/how-to-resolve-disputes-with-estate-agents-a-guide-for-sellers/. We would be happy to guide you through the process if you wish to become a member. See here for more information – https://hoa.org.uk/services/join/.

    We are also campaigning for industry to change. We believe that estate agents should be banned from offering services to buyers because of this conflict of interest and it is so difficult to police.


    Comment by Paula — December 1, 2017 @ 2:45 pm

  2. Hello

    I discussed with a finance adviser at my estate agent as I was doing research and he said I should ask a conveyancer to confirm. I’ve owned a property before with my ex-wife and she bought me out and now not on any documentation of the house. I’m in the process of looking for a property with my new partner.

    Is there any truth in the quote below and does that make me exempt or possibility of having reduced Stamp Duty when purchasing a new property as a first time buyer?

    “However, if you sell the marital home or are removed from the mortgage within three years, you may be able to claim a rebate on the additional stamp duty you would have paid for your new property.
    It’s worth getting advice from your conveyancing solicitor on this at the time of purchase.”


    Comment by George — December 1, 2017 @ 1:01 pm

  3. Hi there. You should be exempt if it is both your first purchase and you haven’t yet completed. Speak to your solicitor and see this article for more information: https://hoa.org.uk/2017/11/stamp-duty-cut/

    Comment by AKerr — November 27, 2017 @ 3:03 pm

  4. You’ll be exempt if it’s your first property. Take a look here https://hoa.org.uk/2017/11/stamp-duty-cut/ and speak to your solicitor.

    Comment by AKerr — November 27, 2017 @ 3:01 pm

  5. Hi Im in the procces of purchasing property (1st property) and exchanged about a month ago
    But have not yet completed it. The property ready in a few weeks time.
    Will I have to pay the stamp duty still or will I be exempt now?

    Comment by Tristan — November 26, 2017 @ 5:09 pm

  6. Hello,
    Me and my partner are in the process of buying pur first property.
    We have signed the contracts but are still waiting to move in in January.
    Under the new changes will we have to pay the stamp duty now or will we be exempt under the new rules?


    Comment by Daniel Hitchen — November 24, 2017 @ 8:52 pm

  7. No sorry! Not if you’ve paid it…Have a quick word with your solicitor though just in case he held back in anticipation of the Budget announcement.


    Comment by AKerr — November 23, 2017 @ 10:32 am

  8. I paid stamp duty today on my first house. Am I able to reclaim some of it after the budget speech?

    Comment by Robert — November 22, 2017 @ 10:21 pm

  9. Hi Alison,
    If you sell your main home after you purchase your new home you’ll need to pay the higher rate. You can claim a refund of the higher rates if your old home is sold within 3 years of buying your new home. You can claim a refund by changing the original return or completing a SDLT repayment request form. This must be claimed within 3 months of the sale or 1 year of the filing date of the return, whichever comes later.

    HomeOwners Alliance Team

    Comment by AKerr — October 30, 2017 @ 11:58 am

  10. I am buying a property which will be my main residence, but haven’t managed to sell my existing house yet. Can I reclaim the additional (second property) premium when I finally sell my exiting house?

    Comment by Alison Sargeant — October 18, 2017 @ 6:15 pm

  11. Hi Paul
    We suspect you wouldn’t have to pay the surcharge – but you need to speak to a tax specialist for a definite answer. You can have a call with a tax specialist as part of membership to the HomeOwners Alliance which is just £45 for the year. Take a look! Angela

    Comment by AKerr — September 21, 2017 @ 12:01 pm

  12. I am presently getting divorced and wish to buy a property. My name is not on the deeds of the house only my wifes. Do i have to pay the additional SDRT?

    Comment by Paul Humphreys — September 19, 2017 @ 5:01 pm

  13. Hi
    I purchased a property in January 2017 and have just been notified by the solicitors who did the conveyancing that I will have to pay an extra £60 to pay in stamp duty as it is a new property and it is the first registration, anyone know if this is indeed this the case?
    Would appreciate any clarification

    Comment by Gerald — August 20, 2017 @ 9:38 pm

  14. Hi,

    We are buying a house to replace our existing primary residence.

    The timing of the transactions are such that the purchase will complete 2 weeks before the sale. At the time of the purchase completing, the sale will have already exchanged contracts.

    Due to the timings being so close together it seems a little bit protracted to have to pay the extra SDLT, to then reclaim the excess two weeks later.

    As the sale is happening within the 30 day period for which we have to submit SDLT forms, is it possible to simply pay the lower amount?

    Many thanks,

    Comment by Antony — May 6, 2017 @ 8:41 am

  15. I have 8 buy to let properties. I sold my main residence in 2009 to live with elderly parents, both died, Mum in July 2016. My brother and I sold her house and I bought a flat at under £100,000 and my solicitor charged me the 3% stamp duty. Was she correct in doing this as I sold my main residence 2009. Since then I had been living with her. Just want clarification that I was liable as no one seems to know.

    Comment by christine — March 26, 2017 @ 7:16 pm

  16. Dear Ann,
    Do have a look at a link to our stamp duty calculator: Stamp Duty Calculator and the freephone number for our expert advisors. Do consider becoming a member here: Become a member todayand we would be happy to look further into your query.

    Kind regards,

    HomeOwners Alliance

    Comment by Sophie Khan — March 3, 2017 @ 1:35 pm

  17. Hi I am remortgaging my home to buy out my husband as part of my divorce.
    I was gifted 20% equal share in my parents property in 1997, will I have to pay SDLT?

    Comment by Ann — February 28, 2017 @ 10:47 pm

  18. Hi
    is the stamp duty a one time payment?
    or you have to pay every year. Apologies but I am an international business man who is looking to buy a property in England.

    Thanks to let me know

    Kind Regards

    Comment by nilsen — February 14, 2017 @ 10:40 pm

  19. Hi im remortgaging and turning it to a b t l mortgage and removing some one from deeds do I need to pay stamp duty again

    Comment by Rob — February 5, 2017 @ 11:53 am

  20. If I buy 2 adjoining properties at the same time with the intention of converting them into one large dwelling for myself and my family would I be liable for the ‘second property+’ stamp duty surcharge?

    Comment by Craig — January 2, 2017 @ 9:07 am

  21. Hello,
    We are buying home in UK.It is cost us 125 000 pounds. My husband own already property in Poland. It is worth 16 000 pounds. Do we have to pay 3 % stamp duty ? My solicitor said „yes, we have to”, but when I called to Gov stamp duty helpline lady said we don’t have to pay if our property in Poland is worth less than 40 000 pounds and said to have look to question 7 on page 23 on stamp duty guide…. Now I am totally confused. ;/
    Please advice me.

    I look forward to hearing from you.
    Kind regards,

    Comment by Karolina — November 28, 2016 @ 10:06 pm

  22. Hi

    I have 2 buy to let property’s and currently living back at my parents home, I am in the process of buying a home for my self, the purchase price is £110,000, woukd I have to pay any stamp duty tax on the home for my self.


    Comment by Dean dale — November 18, 2016 @ 1:43 pm

  23. Hi Peter,

    If you already own a property, you will have to disclose this to the solicitor or conveyancer acting for you on your purchase and they will be able to advise you on how to prove the valuation and legitimately avoid the 3% stamp duty surcharge on second homes. Perhaps you can use the tax authority’s records. Failure to disclose your ownership of it could cause you real difficulties in future so it’s best to be up front from the outset. If you have not yet instructed a solicitor or conveyancer, please consider becoming a member of HomeOwners Alliance – membership entitles you to a 10% discount on conveyancing fees. Best of luck with your purchase!

    Kind regards,

    HomeOwners Alliance Team

    Comment by Sophie Khan — October 27, 2016 @ 7:01 pm

  24. Hello,
    We are buying our first home in England with my wife. I inherited a flat back home 20 years ago when my father died. The flat’s 50% is on my mum’s name, 25% on my brother’s name and 25% is on my name. The property worths about £20000. Do i need to pay the additional 3% stamp duty?
    Thanks for your answer in advance

    Comment by Peter — October 27, 2016 @ 11:14 am

  25. Hi Emma,

    If you already own a property, you will have to disclose this to the solicitor or conveyancer acting for you on your purchase and they will be able to advise you on how to prove the valuation and legitimately avoid the 3% stamp duty surcharge on second homes. Perhaps you can use the tax authority’s records. Failure to disclose your ownership of it could cause you real difficulties in future so it’s best to be up front from the outset. If you have not yet instructed a solicitor or conveyancer, please consider becoming a member of HomeOwners Alliance – membership entitles you to a 10% discount on conveyancing fees. Best of luck with your purchase!

    Kind regards,

    HomeOwners Alliance Team

    Comment by Sophie Khan — October 20, 2016 @ 1:11 pm

  26. Hi,
    My husband and I are buying our first home. I already own a property abroad, the value of which is 42,000 euros (less than £40,000) based on the foreign tax authority’s records while the actual market value is even lower. I believe that because of the value of the existing property we are exempt from the extra stamp duty. How will I be able to prove the value in the UK?

    Comment by Emma — October 18, 2016 @ 2:07 pm

  27. Dear Louie,
    Thanks for you query about stamp duty. Do have a look our guide on this: Stamp Duty Surcharge – your questions answered
    You can also try out our handy online tool: Stamp duty Calculator. We also have this: Step-by-step guide to selling your home

    Wish you the very best with your new move.

    Kind regards,

    HomeOwners Alliance Team

    Comment by Sophie Khan — October 13, 2016 @ 2:16 pm

  28. Hi I have recently got married and my new wife and I want to sell her existing home and buy a new one between us. I already have a property and wish to rent it in the future.
    What stamp duty would we have to pay on our new home ? would we have to pay the additional rate ? or will the new home be treated as our main residence therefore the lower rate applies
    Many thanks

    Comment by Louie — October 13, 2016 @ 8:40 am

  29. Dear Ray,

    Thank you for your query. The stamp duty is 2% which comes to £5,000 as its not a second home or buy to let. It’s only 2% for the part above £125,000 – so it amounts to £100 (assuming it is not a second home). You should also confirm with your solicitor the correct amount. Have a look at our: Stamp Duty Calculator. Also do have a read of our guide here: How much is stamp duty and when do I pay?.

    Kind regards,

    HomeOwners Alliance Team

    Comment by Sophie Khan — September 22, 2016 @ 11:55 am

  30. I have a realtor telling me that I have to pay 1300 pounds stamp duty on a home purchase of 130,000 pounds
    is this correct?
    This is my only home.

    Comment by RAY SHELLAM — September 11, 2016 @ 11:48 pm

  31. Hi Rita,

    One of our experts would be more than happy to answer your query if you were to join as a member. Joining is easy and only costs £45 for the year. Sign up easily here.


    HomeOwners Alliance Team

    Comment by Sophie Khan — August 22, 2016 @ 7:59 pm

  32. We are looking to move from Scotland back to England. Its taken that once the letter of acceptance is received, the purchaser is tied. I have to say, out of the miserable 12 years I have been here, it seems that this is the only thing they have got right.
    As we all know how precarious the English system is with sales falling through, we have considered securing a property a head and would like to know:
    If we were to exchange and / or complete on the property in England which is to replace the Scottish one within the 30 days of completing in Scotland?

    Most of our equity is tied up in the Scottish house, but we would have a decent deposit to get further borrowing to buy the English one, which we hope will ultimately be a a small mortgage at worst. What would be the best way of doing this? Will we be hit with the tax, if so at what level and can we recover it?
    How do you prove that it is not a buy to let?

    Comment by cas649 — August 20, 2016 @ 8:33 am

  33. How does this work if one you are married do not have a property registered in you name, want to move out and buy your own home? Are you treated as a couple or two individuals?

    How does this work if selling in Scotland and buying in England? I know there are two separate land registry systems but one HMRC.

    Does George Osborn know that he has shafted the ordinary people or was this his final
    ‘up-yours’ on his way out?

    Comment by cas649 — August 20, 2016 @ 5:42 am

  34. If a couple buy a house together as their first family home but one of them already owns a buy to let property do they have to pay the extra stamp duty?

    Comment by Rita Stebbings — August 19, 2016 @ 5:24 pm

  35. Hi team,

    I am serving in the armed forces, currently living in Service Families Accommodation. I own my own house which I bought over 20 years ago and lived in for 2 years. I have since then, rented it out but kept it as a potential main residence, should such an occasion arise where I would need to leave the service swiftly. I am coming to the end of my time in the Army and as such am planning to buy a property to settle in. The purchase of this property may occur before the first property is sold, though this is the absolute intention. Will I be subject to the stamp duty surcharge or is there a timeframe to sell the first property to avoid this?

    Comment by Scott Marshall — July 31, 2016 @ 5:59 pm

  36. Hi all,

    If I have a house in another EU country and want to buy a new house in UK do I still pay the stamp duty?

    Comment by Angela — April 26, 2016 @ 10:13 am

  37. Hi Robert,

    If the home you are buying is replacing your main residence, then the additional 3% stamp duty will not apply.
    However, if you move out of your main residence but keep it and buy another main residence, you will have to pay the 3% stamp duty surcharge initially.

    If you sell the first home within 3 years of completing on the purchase of the new home, HMRC will make a full refund. But you need to pay the 3% surcharge upfront and on completion.

    For more information, please take a look at our Stamp Duty Surcharge Q&A article.


    HomeOwners Alliance Team

    Comment by Annie — March 29, 2016 @ 11:11 am

  38. i am buying anew build in august and will be selling my present house in september. will i be affected by the new tax rules?

    Comment by robert churches — March 29, 2016 @ 11:01 am

  39. I’m currently selling 2 homes in order to purchase 1. The first property is about to exchange but the second property isn’t going to complete before the 31st March. I’m buying my new place on the 7th April and even tho I’ve sold my property am I still going to be liable if it hasn’t completed?

    Comment by Matthew hicketts — March 17, 2016 @ 6:39 pm

  40. Yes, on BTL and second properties,the 3% (previously 0%) rate applies for the first £125000 from 1st April, then it’s 5% (previously 2%) for the next £125000 and so on up to 1.5M + where the new rate will be 15% (previously 12%).

    Comment by Andy — March 13, 2016 @ 11:29 pm

  41. buying a second home under 125.000 do I pay 3% stamp duty in april ?

    Comment by bev johnson — February 15, 2016 @ 9:48 pm

  42. I am buying a property price £350 paying 25% from my savings, I am truly hand to mouth as the seller re-negotiated 10% up at last minute because of overwhelmed response on his property or I think he couldnt get decent property onward. We do not want to miss this house the price now has already gone 5%+

    I have just exchanged contract, thank GOD! Now my solic required the rest of the funds in his bank account. But I can not pay stamp duty using my credit card, my solic says, he said by law he will inform my lender. I am not sure why can I not pay later (after completion) ?

    Comment by Sean — February 1, 2016 @ 10:17 pm

  43. i am selling my house for £900 could you tell me how much would the buyer have to pay in stamp duty as i believe the stamp duty is changing in April 2016.

    Comment by jennifer — December 7, 2015 @ 7:09 pm

  44. I own a property that I am renting out. I am the rental tenant in a different property and pay rent for it. If I purchase another property (my 2nd) to live in. Do I have to pay the new increased stamp duty rate?

    Comment by Ian — December 1, 2015 @ 9:22 pm

  45. I am buying a Buy to Let property for £485,000 which I’ve already exchanged on but it won’t complete until Q3 2016. Will I have to pay the extra 3% stamp duty announced in the Autumn statement?

    Comment by David Mills — November 30, 2015 @ 12:23 pm

  46. Can I pay the stamp duty with money from the mortgage or do I need to pay with money from deposit or savings?

    Comment by Laura Roman — November 12, 2015 @ 5:01 pm

  47. Good information regarding Stamp Duty. Thanks

    Comment by Ged Ward — November 12, 2015 @ 7:36 am

  48. Hello in am buy a flat by right to buy the flat was valued at £185,000 but with discounts buying it for £80,000 will i have to pay stamp duty

    Comment by Robert enoch — October 4, 2015 @ 6:41 pm

  49. The freeholder and owner of 2 flats out of 4 has a company yet he has sold the properties to himself. Basically he has bought, but bought both flats and freehold at the same time,, yet I have seen leases where he has bought flat from his own company being the MD of his property company, I feel this is done to avoid 15%stamp duty and pay only 5 %. Can you tell me if this is legal, a loophole that can be used. He has just sold 1 of the flats and it is a substantial amount of money he doesn’t pay by selling to himself. The lease has only initials and no signature or cost. If you can help me, many thanks..

    Comment by Matt Gavin — August 23, 2015 @ 7:22 am

  50. so am i right in saying, that i do not have to pay the stamp duty immediately on completion, but within 30 after completion?

    Comment by jane — March 4, 2015 @ 5:15 pm

  51. I bought a property for 367500 in november and paid 11025.H.M Revenue are now asking me for another £75.00.Can you tell me why please

    Comment by j.purvis — January 28, 2015 @ 9:37 am

  52. Would I pay stamp duty on a buying a share of a property in a part ownership scheme if my share is under 125,000 but the overall value of the property was over?

    Comment by Olivia Rose Cunningham — January 27, 2015 @ 8:45 pm

  53. Is it legal to pay your buyer’s Stamp Duty? Our house has been valued at around £265k so at this price, if we offered to pay the almost £8k of our buyers stamp duty, we’d still get £258k.

    Comment by Karen — February 26, 2014 @ 7:50 am

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