Stamp Duty on £425,000 in 2026/27
On a £425,000 home in England or Northern Ireland, someone moving home pays £11,250 in Stamp Duty Land Tax in 2026/27. A first-time buyer pays £6,250, and a buyer who will own another home pays £32,500.
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 |
The tax on £425,000 is worked out in slices. Each part of £425,000 that falls in a band pays that band's rate, and the table adds the slices up to reach £11,250.
A first-time buyer at £425,000 pays £6,250, because the relief gives a larger slice at a nil rate. To pay £6,250, 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 £425,000 usually pays the higher rates, 5% above each standard rate, which gives £32,500. Someone who sells their main home and buys a new one for £425,000 does not normally pay them, and HMRC sets time limits on that rule.
The same £425,000 home in Scotland would pay £15,850 in Land and Buildings Transaction Tax, and in Wales £12,375 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 £12,375.
The figures for £425,000 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 £425,000 figures leave out.
To try a price other than £425,000, use the Stamp Duty calculator. For a £425,000 home in Scotland or Wales, the LBTT calculator and the LTT calculator show each slice.