Stamp duty on £800,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £30,000 | £30,000 | £70,000 |
| Scotland (LBTT) | £54,350 | £53,750 | £118,350 |
| Wales (LTT) | £41,750 | £41,750 | £81,200 |
What is specific to a £800,000 purchase
- England and Northern Ireland (SDLT): the top of the price falls in the 5% band, with £550,000 of the price above £250,000.
- Scotland (LBTT): the top of the price falls in the 12% band, with £50,000 of the price above £750,000.
- Wales (LTT): the top of the price falls in the 10% band, with £50,000 of the price above £750,000.
- For a home mover, England and Northern Ireland is the cheapest nation at this price and Scotland the dearest, £24,350 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 £550,000 = £27,500
- Total: £30,000
Additional property: the standard £30,000 plus 5% of the whole price (£40,000) = £70,000.
Scotland and Wales
- Scotland (LBTT): £54,350 for a home mover, £53,750 for a first-time buyer and £118,350 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £41,750 at the main rates (also for first-time buyers) and £81,200 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £800,000?
£30,000 in England and Northern Ireland for a home mover, £30,000 for a first-time buyer and £70,000 for an additional property.
How much stamp duty on £800,000 for a first-time buyer?
£30,000 in England and Northern Ireland: the relief only applies to homes up to £500,000.