Stamp Duty
Stamp Duty on £3,500,000
A home mover buying at £3,500,000 in England or Northern Ireland pays £333,750 in stamp duty, an effective rate of 9.54%. Here is what every type of buyer pays.
By Buyer Type
| Buyer | Stamp duty | Effective rate | Notes |
|---|---|---|---|
| Home mover (main residence) | £333,750 | 9.54% | Standard residential rates. |
| First-time buyer | £333,750 | 9.54% | Relief applies only when the price is £500,000 or less; above that, standard rates apply. |
| Second home or buy-to-let | £508,750 | 14.54% | Standard rates plus the 5% higher rates for additional dwellings. |
| Non-UK resident (main residence) | £403,750 | 11.54% | Standard rates plus the 2% non-resident surcharge. |
| Non-UK resident, additional property | £578,750 | 16.54% | 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 £1,500,000 at 10% | £57,500 |
| £1,500,000 to £3,500,000 at 12% | £240,000 |
| Total | £333,750 |
Try a Different Price
Stamp duty to pay
£333,750
Effective rate 9.54%
| £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% | £57,500 |
| £1,500,000 to above at 12% | £240,000 |
Buying elsewhere in the UK? LBTT on £3,500,000 in Scotland · LTT on £3,500,000 in Wales
Belgrave in London
Talk to our London team
How much stamp duty does a home mover (main residence) pay on £3,500,000?
£333,750, an effective rate of 9.54%. Standard residential rates.
How much stamp duty does a first-time buyer pay on £3,500,000?
£333,750, an effective rate of 9.54%. 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 £3,500,000?
£508,750, an effective rate of 14.54%. Standard rates plus the 5% higher rates for additional dwellings.
How much stamp duty does a non-uk resident (main residence) pay on £3,500,000?
£403,750, an effective rate of 11.54%. 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.