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Stamp duty on a £375,000 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 £375,000 home in England or Northern Ireland is £8,750 if you are moving home (2.33% of the price). A first-time buyer pays £3,750, saving £5,000. For an additional property it is £27,500. In Scotland LBTT is £10,850 and in Wales LTT is £9,000.

Stamp Duty Land Tax (SDLT)

£8,750

2.33% of the price

0% on £0–£125,000
£0
2% on £125,000–£250,000
£2,500
5% on £250,000–£375,000
£6,250

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):£8,750.
  • First-time buyer (England & NI):£3,750.
  • Second home or buy-to-let (England & NI):£27,500.
  • Scotland (LBTT):£10,850; Wales (LTT): £9,000.

Stamp duty on £375,000 by buyer and nation

Home moverFirst-time buyerAdditional property
England and Northern Ireland (SDLT)£8,750£3,750£27,500
Scotland (LBTT)£10,850£10,250£40,850
Wales (LTT)£9,000£9,000£27,450

What is specific to a £375,000 purchase

  • England and Northern Ireland (SDLT): the top of the price falls in the 5% band, with £125,000 of the price above £250,000.
  • Scotland (LBTT): the top of the price falls in the 10% band, with £50,000 of the price above £325,000.
  • Wales (LTT): the top of the price falls in the 6% band, with £150,000 of the price above £225,000. The 7.5% band starts £25,000 higher, at £400,000.
  • First-time buyers keep the relief up to £500,000: £125,000 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, £2,100 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 £125,000 = £6,250
  • Total: £8,750

First-time buyer: 0% on the first £300,000 = £0; 5% on the next £75,000 = £3,750. Total £3,750.

Additional property: the standard £8,750 plus 5% of the whole price (£18,750) = £27,500.

Scotland and Wales

  • Scotland (LBTT): £10,850 for a home mover, £10,250 for a first-time buyer and £40,850 with the 8% Additional Dwelling Supplement.
  • Wales (LTT): £9,000 at the main rates (also for first-time buyers) and £27,450 at the higher rates for an additional property.

Frequently asked questions

How much is stamp duty on £375,000?

£8,750 in England and Northern Ireland for a home mover, £3,750 for a first-time buyer and £27,500 for an additional property.

How much stamp duty on £375,000 for a first-time buyer?

£3,750 in England and Northern Ireland, £10,250 in Scotland and £9,000 in Wales, which has no first-time buyer relief.

Official sources