Stamp Duty on £200,000 in 2026/27

On a £200,000 home in England or Northern Ireland, someone moving home pays £1,500 in Stamp Duty Land Tax in 2026/27. A first-time buyer pays £0, and a buyer who will own another home pays £11,500.

Stamp Duty to pay

£1,500

That is 0.75% of the price

How the tax is worked out

Part of the price	Rate	Tax
£0 to £125,000	0%	£0
£125,000 to £200,000	2%	£1,500
Total		£1,500

How this was worked out

1. £0 to £125,000: £125,000 × 0% = £0
2. £125,000 to £200,000: £75,000 × 2% = £1,500
3. Total: £1,500

The tax on £200,000 is worked out in slices. Each part of £200,000 that falls in a band pays that band's rate, and the table adds the slices up to reach £1,500.

A first-time buyer at £200,000 pays £0, because the relief gives a larger slice at a nil rate. To pay £0, every buyer in a joint purchase has to be a first-time buyer, and the home has to become their main home.

A buyer who will own more than one home after buying at £200,000 usually pays the higher rates, 5% above each standard rate, which gives £11,500. Someone who sells their main home and buys a new one for £200,000 does not normally pay them, and HMRC sets time limits on that rule.

The same £200,000 home in Scotland would pay £1,100 in Land and Buildings Transaction Tax, and in Wales £0 in Land Transaction Tax, at the main rates for a buyer moving home. Wales has no first-time buyer relief, so a first-time buyer there also pays £0.

The figures for £200,000 assume a freehold or the premium on a lease, a wholly residential property and a buyer resident in the UK. A buyer who is not resident pays a further 2% on each rate, which the £200,000 figures leave out.

To try a price other than £200,000, use the Stamp Duty calculator. For a £200,000 home in Scotland or Wales, the LBTT calculator and the LTT calculator show each slice.