Stamp Duty
Stamp Duty on £625,000
A home mover buying at £625,000 in England or Northern Ireland pays £21,250 in stamp duty, an effective rate of 3.40%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | Stamp duty | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £21,250 | 3.40% | Standard residential rates. |
| First-time buyer | £21,250 | 3.40% | Relief applies only when the price is £500,000 or less; above that, standard rates apply. |
| Second home or buy-to-let | £52,500 | 8.40% | Standard rates plus the 5% higher rates for additional dwellings. |
| Non-UK resident (main residence) | £33,750 | 5.40% | Standard rates plus the 2% non-resident surcharge. |
| Non-UK resident, additional property | £65,000 | 10.40% | 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 £625,000 at 5% | £18,750 |
| Total | £21,250 |
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Stamp duty to pay
£21,250
Effective rate 3.40%
| £0 to £125,000 at 0% | £0 |
| £125,000 to £250,000 at 2% | £2,500 |
| £250,000 to £925,000 at 5% | £18,750 |
Financing it? Repayments on a £625,000 mortgage. Buying elsewhere in the UK? LBTT on £625,000 in Scotland · LTT on £625,000 in Wales
How much stamp duty does a home mover (main residence) pay on £625,000?
£21,250, an effective rate of 3.40%. Standard residential rates.
How much stamp duty does a first-time buyer pay on £625,000?
£21,250, an effective rate of 3.40%. 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 £625,000?
£52,500, an effective rate of 8.40%. Standard rates plus the 5% higher rates for additional dwellings.
How much stamp duty does a non-uk resident (main residence) pay on £625,000?
£33,750, an effective rate of 5.40%. 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.