Stamp Duty on £425,000 in 2026/27
Stamp Duty Land Tax on a price of £425,000 comes to £11,250 for a home mover in England or Northern Ireland in 2026/27. The figure is £6,250 for a first-time buyer and £32,500 for a second home.
Stamp Duty to pay
£11,250
That is 2.65% 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 £425,000 | 5% | £8,750 |
| Total | £11,250 |
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 £425,000: £175,000 × 5% = £8,750
- Total: £11,250
| Tax | Buyer | Total |
|---|---|---|
| Stamp Duty Land Tax | First-time buyer | £6,250 |
| Stamp Duty Land Tax | Moving home | £11,250 |
| Stamp Duty Land Tax | Buyer who will own more than one home | £32,500 |
| LBTT | Moving home | £15,850 |
| LTT | Moving home | £12,375 |
To reach £11,250, the price of £425,000 is cut at each band edge, and each slice pays only the rate for its own band. The table lists every slice of £425,000 and the tax it adds.
At £425,000 a first-time buyer gets the relief and pays £6,250. The £6,250 figure needs every buyer to be buying a first home, and the home must be where they will live.
The higher rates for an additional home add 5% to every band, so the tax on £425,000 rises to £32,500. A buyer replacing their main home does not normally pay the higher rates on a £425,000 purchase, within HMRC's time limits.
At £425,000, a buyer moving home pays £15,850 in LBTT in Scotland and £12,375 in LTT in Wales. LTT has no relief for first-time buyers, so £12,375 is also the figure for a first home in Wales.
Every figure for £425,000 is for a wholly residential freehold, or the premium on a lease, bought by a UK resident. The non-resident surcharge of 2% on each rate is not included in the £425,000 figures.
The Stamp Duty calculator works out the tax on prices above or below £425,000. The LBTT calculator and the LTT calculator show the working behind £15,850 and £12,375.