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Stamp duty on a £475,000 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 £475,000 home in England or Northern Ireland is £13,750 if you are moving home (2.89% of the price). A first-time buyer pays £8,750, saving £5,000. For an additional property it is £37,500. In Scotland LBTT is £20,850 and in Wales LTT is £16,125.

Stamp Duty Land Tax (SDLT)

£13,750

2.89% of the price

0% on £0–£125,000
£0
2% on £125,000–£250,000
£2,500
5% on £250,000–£475,000
£11,250

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):£13,750.
  • First-time buyer (England & NI):£8,750.
  • Second home or buy-to-let (England & NI):£37,500.
  • Scotland (LBTT):£20,850; Wales (LTT): £16,125.

Stamp duty on £475,000 by buyer and nation

Home moverFirst-time buyerAdditional property
England and Northern Ireland (SDLT)£13,750£8,750£37,500
Scotland (LBTT)£20,850£20,250£58,850
Wales (LTT)£16,125£16,125£39,325

What is specific to a £475,000 purchase

  • England and Northern Ireland (SDLT): the top of the price falls in the 5% band, with £225,000 of the price above £250,000.
  • Scotland (LBTT): the top of the price falls in the 10% band, with £150,000 of the price above £325,000.
  • Wales (LTT): the top of the price falls in the 7.5% band, with £75,000 of the price above £400,000.
  • First-time buyers keep the relief up to £500,000: £25,000 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, £7,100 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 £225,000 = £11,250
  • Total: £13,750

First-time buyer: 0% on the first £300,000 = £0; 5% on the next £175,000 = £8,750. Total £8,750.

Additional property: the standard £13,750 plus 5% of the whole price (£23,750) = £37,500.

Scotland and Wales

  • Scotland (LBTT): £20,850 for a home mover, £20,250 for a first-time buyer and £58,850 with the 8% Additional Dwelling Supplement.
  • Wales (LTT): £16,125 at the main rates (also for first-time buyers) and £39,325 at the higher rates for an additional property.

Frequently asked questions

How much is stamp duty on £475,000?

£13,750 in England and Northern Ireland for a home mover, £8,750 for a first-time buyer and £37,500 for an additional property.

How much stamp duty on £475,000 for a first-time buyer?

£8,750 in England and Northern Ireland, £20,250 in Scotland and £16,125 in Wales, which has no first-time buyer relief.

Official sources