Stamp Duty
Stamp Duty on £1,000,000
A home mover buying at £1,000,000 in England or Northern Ireland pays £43,750 in stamp duty, an effective rate of 4.38%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | Stamp duty | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £43,750 | 4.38% | Standard residential rates. |
| First-time buyer | £43,750 | 4.38% | Relief applies only when the price is £500,000 or less; above that, standard rates apply. |
| Second home or buy-to-let | £93,750 | 9.38% | Standard rates plus the 5% higher rates for additional dwellings. |
| Non-UK resident (main residence) | £63,750 | 6.38% | Standard rates plus the 2% non-resident surcharge. |
| Non-UK resident, additional property | £113,750 | 11.38% | Standard rates plus the 5% higher rates and the 2% non-resident surcharge. |
How It Is Worked Out (Home Mover)
| £0 to £125,000 at 0% | £0 |
| £125,000 to £250,000 at 2% | £2,500 |
| £250,000 to £925,000 at 5% | £33,750 |
| £925,000 to £1,000,000 at 10% | £7,500 |
| Total | £43,750 |
Try a Different Price
Stamp duty to pay
£43,750
Effective rate 4.38%
| £0 to £125,000 at 0% | £0 |
| £125,000 to £250,000 at 2% | £2,500 |
| £250,000 to £925,000 at 5% | £33,750 |
| £925,000 to £1,500,000 at 10% | £7,500 |
Financing it? Repayments on a £1,000,000 mortgage. Buying elsewhere in the UK? LBTT on £1,000,000 in Scotland · LTT on £1,000,000 in Wales
How much stamp duty does a home mover (main residence) pay on £1,000,000?
£43,750, an effective rate of 4.38%. Standard residential rates.
How much stamp duty does a first-time buyer pay on £1,000,000?
£43,750, an effective rate of 4.38%. Relief applies only when the price is £500,000 or less; above that, standard rates apply.
How much stamp duty does a second home or buy-to-let pay on £1,000,000?
£93,750, an effective rate of 9.38%. Standard rates plus the 5% higher rates for additional dwellings.
How much stamp duty does a non-uk resident (main residence) pay on £1,000,000?
£63,750, an effective rate of 6.38%. Standard rates plus the 2% non-resident surcharge.
England and Northern Ireland residential rates. A guide, not tax advice: your solicitor confirms the final figure.