Stamp duty on £250,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £2,500 | £0 | £15,000 |
| Scotland (LBTT) | £2,100 | £1,500 | £22,100 |
| Wales (LTT) | £1,500 | £1,500 | £14,950 |
What is specific to a £250,000 purchase
- England and Northern Ireland (SDLT): the top of the price falls in the 2% band, with £125,000 of the price above £125,000. The 5% band starts £0 higher, at £250,000.
- Scotland (LBTT): the top of the price falls in the 2% band, with £105,000 of the price above £145,000. The 5% band starts £0 higher, at £250,000.
- Wales (LTT): the top of the price falls in the 6% band, with £25,000 of the price above £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, £1,000 apart.
How it is calculated (England and Northern Ireland)
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- Total: £2,500
First-time buyer: 0% on the first £250,000 = £0. Total £0.
Additional property: the standard £2,500 plus 5% of the whole price (£12,500) = £15,000.
Scotland and Wales
- Scotland (LBTT): £2,100 for a home mover, £1,500 for a first-time buyer and £22,100 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £1,500 at the main rates (also for first-time buyers) and £14,950 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £250,000?
£2,500 in England and Northern Ireland for a home mover, £0 for a first-time buyer and £15,000 for an additional property.
How much stamp duty on £250,000 for a first-time buyer?
£0 in England and Northern Ireland, £1,500 in Scotland and £1,500 in Wales, which has no first-time buyer relief.