Stamp Duty on £300,000 in 2026/27
On a £300,000 home in England or Northern Ireland, someone moving home pays £5,000 in Stamp Duty Land Tax in 2026/27. A first-time buyer pays £0, and a buyer who will own another home pays £20,000.
Stamp Duty to pay
£5,000
That is 1.67% of the price
| Part of the price | Rate | Tax |
|---|---|---|
| £0 to £125,000 | 0% | £0 |
| £125,000 to £250,000 | 2% | £2,500 |
| £250,000 to £300,000 | 5% | £2,500 |
| Total | £5,000 |
How this was worked out
- £0 to £125,000: £125,000 × 0% = £0
- £125,000 to £250,000: £125,000 × 2% = £2,500
- £250,000 to £300,000: £50,000 × 5% = £2,500
- Total: £5,000
| Tax | Buyer | Total |
|---|---|---|
| Stamp Duty Land Tax | First-time buyer | £0 |
| Stamp Duty Land Tax | Moving home | £5,000 |
| Stamp Duty Land Tax | Buyer who will own more than one home | £20,000 |
| LBTT | Moving home | £4,600 |
| LTT | Moving home | £4,500 |
The tax on £300,000 is worked out in slices. Each part of £300,000 that falls in a band pays that band's rate, and the table adds the slices up to reach £5,000.
A first-time buyer at £300,000 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 £300,000 usually pays the higher rates, 5% above each standard rate, which gives £20,000. Someone who sells their main home and buys a new one for £300,000 does not normally pay them, and HMRC sets time limits on that rule.
The same £300,000 home in Scotland would pay £4,600 in Land and Buildings Transaction Tax, and in Wales £4,500 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 £4,500.
The figures for £300,000 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 £300,000 figures leave out.
To try a price other than £300,000, use the Stamp Duty calculator. For a £300,000 home in Scotland or Wales, the LBTT calculator and the LTT calculator show each slice.