Stamp Duty
Stamp Duty on £300,000
A home mover buying at £300,000 in England or Northern Ireland pays £5,000 in stamp duty, an effective rate of 1.67%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | Stamp duty | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £5,000 | 1.67% | Standard residential rates. |
| First-time buyer | £0 | 0.00% | Relief applies only when the price is £500,000 or less; above that, standard rates apply. |
| Second home or buy-to-let | £20,000 | 6.67% | Standard rates plus the 5% higher rates for additional dwellings. |
| Non-UK resident (main residence) | £11,000 | 3.67% | Standard rates plus the 2% non-resident surcharge. |
| Non-UK resident, additional property | £26,000 | 8.67% | 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 £300,000 at 5% | £2,500 |
| Total | £5,000 |
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Stamp duty to pay
£5,000
Effective rate 1.67%
| £0 to £125,000 at 0% | £0 |
| £125,000 to £250,000 at 2% | £2,500 |
| £250,000 to £925,000 at 5% | £2,500 |
Financing it? Repayments on a £300,000 mortgage. Buying elsewhere in the UK? LBTT on £300,000 in Scotland · LTT on £300,000 in Wales
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How much stamp duty does a home mover (main residence) pay on £300,000?
£5,000, an effective rate of 1.67%. Standard residential rates.
How much stamp duty does a first-time buyer pay on £300,000?
£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 £300,000?
£20,000, an effective rate of 6.67%. Standard rates plus the 5% higher rates for additional dwellings.
How much stamp duty does a non-uk resident (main residence) pay on £300,000?
£11,000, an effective rate of 3.67%. 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.