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Stamp duty on a £350,000 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 £350,000 home in England or Northern Ireland is £7,500 if you are moving home (2.14% of the price). A first-time buyer pays £2,500, saving £5,000. For an additional property it is £25,000. In Scotland LBTT is £8,350 and in Wales LTT is £7,500.

Stamp Duty Land Tax (SDLT)

£7,500

2.14% of the price

0% on £0–£125,000
£0
2% on £125,000–£250,000
£2,500
5% on £250,000–£350,000
£5,000

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):£7,500.
  • First-time buyer (England & NI):£2,500.
  • Second home or buy-to-let (England & NI):£25,000.
  • Scotland (LBTT):£8,350; Wales (LTT): £7,500.

Stamp duty on £350,000 by buyer and nation

Home moverFirst-time buyerAdditional property
England and Northern Ireland (SDLT)£7,500£2,500£25,000
Scotland (LBTT)£8,350£7,750£36,350
Wales (LTT)£7,500£7,500£24,950

What is specific to a £350,000 purchase

  • England and Northern Ireland (SDLT): the top of the price falls in the 5% band, with £100,000 of the price above £250,000.
  • Scotland (LBTT): the top of the price falls in the 10% band, with £25,000 of the price above £325,000.
  • Wales (LTT): the top of the price falls in the 6% band, with £125,000 of the price above £225,000. The 7.5% band starts £50,000 higher, at £400,000.
  • First-time buyers keep the relief up to £500,000: £150,000 of headroom before the whole relief is lost.
  • For a home mover, England and Northern Ireland is the cheapest nation at this price and Scotland the dearest, £850 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 £100,000 = £5,000
  • Total: £7,500

First-time buyer: 0% on the first £300,000 = £0; 5% on the next £50,000 = £2,500. Total £2,500.

Additional property: the standard £7,500 plus 5% of the whole price (£17,500) = £25,000.

Scotland and Wales

  • Scotland (LBTT): £8,350 for a home mover, £7,750 for a first-time buyer and £36,350 with the 8% Additional Dwelling Supplement.
  • Wales (LTT): £7,500 at the main rates (also for first-time buyers) and £24,950 at the higher rates for an additional property.

Frequently asked questions

How much is stamp duty on £350,000?

£7,500 in England and Northern Ireland for a home mover, £2,500 for a first-time buyer and £25,000 for an additional property.

How much stamp duty on £350,000 for a first-time buyer?

£2,500 in England and Northern Ireland, £7,750 in Scotland and £7,500 in Wales, which has no first-time buyer relief.

Official sources