Stamp Duty
Stamp Duty on £975,000
A home mover buying at £975,000 in England or Northern Ireland pays £41,250 in stamp duty, an effective rate of 4.23%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | Stamp duty | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £41,250 | 4.23% | Standard residential rates. |
| First-time buyer | £41,250 | 4.23% | Relief applies only when the price is £500,000 or less; above that, standard rates apply. |
| Second home or buy-to-let | £90,000 | 9.23% | Standard rates plus the 5% higher rates for additional dwellings. |
| Non-UK resident (main residence) | £60,750 | 6.23% | Standard rates plus the 2% non-resident surcharge. |
| Non-UK resident, additional property | £109,500 | 11.23% | 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 £975,000 at 10% | £5,000 |
| Total | £41,250 |
Try a Different Price
Stamp duty to pay
£41,250
Effective rate 4.23%
| £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% | £5,000 |
Financing it? Repayments on a £975,000 mortgage. Buying elsewhere in the UK? LBTT on £975,000 in Scotland · LTT on £975,000 in Wales
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How much stamp duty does a home mover (main residence) pay on £975,000?
£41,250, an effective rate of 4.23%. Standard residential rates.
How much stamp duty does a first-time buyer pay on £975,000?
£41,250, an effective rate of 4.23%. 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 £975,000?
£90,000, an effective rate of 9.23%. Standard rates plus the 5% higher rates for additional dwellings.
How much stamp duty does a non-uk resident (main residence) pay on £975,000?
£60,750, an effective rate of 6.23%. 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.