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Belgrave Estates

Stamp Duty

Stamp Duty on £225,000

A home mover buying at £225,000 in England or Northern Ireland pays £2,000 in stamp duty, an effective rate of 0.89%. Here is what every type of buyer pays.

By Buyer Type

BuyerStamp dutyEffective rateNotes
Home mover (main residence)£2,0000.89%Standard residential rates.
First-time buyer£00.00%Relief applies only when the price is £500,000 or less; above that, standard rates apply.
Second home or buy-to-let£13,2505.89%Standard rates plus the 5% higher rates for additional dwellings.
Non-UK resident (main residence)£6,5002.89%Standard rates plus the 2% non-resident surcharge.
Non-UK resident, additional property£17,7507.89%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 £225,000 at 2%£2,000
Total£2,000

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Stamp duty to pay

£2,000

Effective rate 0.89%

£0 to £125,000 at 0%£0
£125,000 to £250,000 at 2%£2,000

Financing it? Repayments on a £225,000 mortgage. Buying elsewhere in the UK? LBTT on £225,000 in Scotland · LTT on £225,000 in Wales

FAQ

Stamp Duty on £225,000: Questions

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  • How much stamp duty does a home mover (main residence) pay on £225,000?

    £2,000, an effective rate of 0.89%. Standard residential rates.

  • How much stamp duty does a first-time buyer pay on £225,000?

    £0, an effective rate of 0.00%. 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 £225,000?

    £13,250, an effective rate of 5.89%. Standard rates plus the 5% higher rates for additional dwellings.

  • How much stamp duty does a non-uk resident (main residence) pay on £225,000?

    £6,500, an effective rate of 2.89%. 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.