Stamp Duty
Stamp Duty on £400,000
A home mover buying at £400,000 in England or Northern Ireland pays £10,000 in stamp duty, an effective rate of 2.50%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | Stamp duty | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £10,000 | 2.50% | Standard residential rates. |
| First-time buyer | £5,000 | 1.25% | Relief applies only when the price is £500,000 or less; above that, standard rates apply. |
| Second home or buy-to-let | £30,000 | 7.50% | Standard rates plus the 5% higher rates for additional dwellings. |
| Non-UK resident (main residence) | £18,000 | 4.50% | Standard rates plus the 2% non-resident surcharge. |
| Non-UK resident, additional property | £38,000 | 9.50% | 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 £400,000 at 5% | £7,500 |
| Total | £10,000 |
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Stamp duty to pay
£10,000
Effective rate 2.50%
| £0 to £125,000 at 0% | £0 |
| £125,000 to £250,000 at 2% | £2,500 |
| £250,000 to £925,000 at 5% | £7,500 |
Financing it? Repayments on a £400,000 mortgage. Buying elsewhere in the UK? LBTT on £400,000 in Scotland · LTT on £400,000 in Wales
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How much stamp duty does a home mover (main residence) pay on £400,000?
£10,000, an effective rate of 2.50%. Standard residential rates.
How much stamp duty does a first-time buyer pay on £400,000?
£5,000, an effective rate of 1.25%. 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 £400,000?
£30,000, an effective rate of 7.50%. Standard rates plus the 5% higher rates for additional dwellings.
How much stamp duty does a non-uk resident (main residence) pay on £400,000?
£18,000, an effective rate of 4.50%. 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.