Skip to content

Stamp duty on a £300,000 house

Reviewed by ClearPayslip editorial teamUpdated on Methodology

Calculated with official data from Stamp Duty Land Tax: residential property rates (GOV.UK) · Higher rates of Stamp Duty Land Tax (HMRC) · +2

Short answer

Stamp duty on a £300,000 home in England or Northern Ireland is £5,000 if you are moving home (1.67% of the price). A first-time buyer pays £0, saving £5,000. For an additional property it is £20,000. In Scotland LBTT is £4,600 and in Wales LTT is £4,500.

Stamp Duty Land Tax (SDLT)

£5,000

1.67% of the price

0% on £0–£125,000
£0
2% on £125,000–£250,000
£2,500
5% on £250,000–£300,000
£2,500

Residential purchase of a single dwelling. Excludes the 2% SDLT surcharge for non-UK residents, multiple dwellings and non-residential property. Not tax advice.

Key facts

  • Home mover (England & NI):£5,000.
  • First-time buyer (England & NI):£0.
  • Second home or buy-to-let (England & NI):£20,000.
  • Scotland (LBTT):£4,600; Wales (LTT): £4,500.

Stamp duty on £300,000 by buyer and nation

Home moverFirst-time buyerAdditional property
England and Northern Ireland (SDLT)£5,000£0£20,000
Scotland (LBTT)£4,600£4,000£28,600
Wales (LTT)£4,500£4,500£19,950

What is specific to a £300,000 purchase

  • England and Northern Ireland (SDLT): the top of the price falls in the 5% band, with £50,000 of the price above £250,000.
  • Scotland (LBTT): the top of the price falls in the 5% band, with £50,000 of the price above £250,000. The 10% band starts £25,000 higher, at £325,000.
  • Wales (LTT): the top of the price falls in the 6% band, with £75,000 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, £500 apart.

How it is calculated (England and Northern Ireland)

  • 0% on the first £125,000 = £0
  • 2% on the next £125,000 = £2,500
  • 5% on the next £50,000 = £2,500
  • Total: £5,000

First-time buyer: 0% on the first £300,000 = £0. Total £0.

Additional property: the standard £5,000 plus 5% of the whole price (£15,000) = £20,000.

Scotland and Wales

  • Scotland (LBTT): £4,600 for a home mover, £4,000 for a first-time buyer and £28,600 with the 8% Additional Dwelling Supplement.
  • Wales (LTT): £4,500 at the main rates (also for first-time buyers) and £19,950 at the higher rates for an additional property.

Frequently asked questions

How much is stamp duty on £300,000?

£5,000 in England and Northern Ireland for a home mover, £0 for a first-time buyer and £20,000 for an additional property.

How much stamp duty on £300,000 for a first-time buyer?

£0 in England and Northern Ireland, £4,000 in Scotland and £4,500 in Wales, which has no first-time buyer relief.

Official sources