Stamp duty on £225,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £2,000 | £0 | £13,250 |
| Scotland (LBTT) | £1,600 | £1,000 | £19,600 |
| Wales (LTT) | £0 | £0 | £12,825 |
What is specific to a £225,000 purchase
- England and Northern Ireland (SDLT): the top of the price falls in the 2% band, with £100,000 of the price above £125,000. The 5% band starts £25,000 higher, at £250,000.
- Scotland (LBTT): the top of the price falls in the 2% band, with £80,000 of the price above £145,000. The 5% band starts £25,000 higher, at £250,000.
- Wales (LTT): the top of the price falls inside the nil-rate band (no tax up to £225,000). The 6% band starts £0 higher, at £225,000.
- First-time buyers in England and NI pay nothing at this price: their nil-rate band reaches £300,000.
- For a home mover, Wales is the cheapest nation at this price and England and Northern Ireland the dearest, £2,000 apart.
How it is calculated (England and Northern Ireland)
- 0% on the first £125,000 = £0
- 2% on the next £100,000 = £2,000
- Total: £2,000
First-time buyer: 0% on the first £225,000 = £0. Total £0.
Additional property: the standard £2,000 plus 5% of the whole price (£11,250) = £13,250.
Scotland and Wales
- Scotland (LBTT): £1,600 for a home mover, £1,000 for a first-time buyer and £19,600 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £0 at the main rates (also for first-time buyers) and £12,825 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £225,000?
£2,000 in England and Northern Ireland for a home mover, £0 for a first-time buyer and £13,250 for an additional property.
How much stamp duty on £225,000 for a first-time buyer?
£0 in England and Northern Ireland, £1,000 in Scotland and £0 in Wales, which has no first-time buyer relief.