The amount of stamp duty paid depends on the property price and whether you are a first-time buyer, buying a main residence, or an additional property. From April 1, 2025, the stamp duty thresholds and rates in England for a main residence are:
- No stamp duty on the first £125,000
- 2% on the portion from £125,001 to £250,000
- 5% on the portion from £250,001 to £925,000
- 10% on the portion from £925,001 to £1.5 million
- 12% on the portion above £1.5 million
For example, buying a £400,000 property would incur £10,000 in stamp duty. First-time buyers have a slightly different scale, with zero stamp duty on properties up to £300,000 and 5% on the portion between £300,001 and £500,000, but this relief ends at £500,000. Additional properties attract higher rates starting at 5% for the first £125,000 and increasing thereafter. If the property price is provided, the exact stamp duty amount can be calculated accordingly based on these rates.
