Stamp duty on £125,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £0 | £0 | £6,250 |
| Scotland (LBTT) | £0 | £0 | £10,000 |
| Wales (LTT) | £0 | £0 | £6,250 |
What is specific to a £125,000 purchase
- England and Northern Ireland (SDLT): the top of the price falls inside the nil-rate band (no tax up to £125,000). The 2% band starts £0 higher, at £125,000.
- Scotland (LBTT): the top of the price falls inside the nil-rate band (no tax up to £145,000). The 2% band starts £20,000 higher, at £145,000.
- Wales (LTT): the top of the price falls inside the nil-rate band (no tax up to £225,000).
- First-time buyers in England and NI pay nothing at this price: their nil-rate band reaches £300,000.
- Home movers pay the same in all three nations at this price.
How it is calculated (England and Northern Ireland)
- 0% on the first £125,000 = £0
- Total: £0
First-time buyer: 0% on the first £125,000 = £0. Total £0.
Additional property: the standard £0 plus 5% of the whole price (£6,250) = £6,250.
Scotland and Wales
- Scotland (LBTT): £0 for a home mover, £0 for a first-time buyer and £10,000 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £0 at the main rates (also for first-time buyers) and £6,250 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £125,000?
£0 in England and Northern Ireland for a home mover, £0 for a first-time buyer and £6,250 for an additional property.
How much stamp duty on £125,000 for a first-time buyer?
£0 in England and Northern Ireland, £0 in Scotland and £0 in Wales, which has no first-time buyer relief.