Stamp duty on £850,000 by buyer and nation
| Home mover | First-time buyer | Additional property | |
|---|---|---|---|
| England and Northern Ireland (SDLT) | £32,500 | £32,500 | £75,000 |
| Scotland (LBTT) | £60,350 | £59,750 | £128,350 |
| Wales (LTT) | £46,750 | £46,750 | £88,700 |
What is specific to a £850,000 purchase
- England and Northern Ireland (SDLT): the top of the price falls in the 5% band, with £600,000 of the price above £250,000.
- Scotland (LBTT): the top of the price falls in the 12% band, with £100,000 of the price above £750,000.
- Wales (LTT): the top of the price falls in the 10% band, with £100,000 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, £27,850 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 £600,000 = £30,000
- Total: £32,500
Additional property: the standard £32,500 plus 5% of the whole price (£42,500) = £75,000.
Scotland and Wales
- Scotland (LBTT): £60,350 for a home mover, £59,750 for a first-time buyer and £128,350 with the 8% Additional Dwelling Supplement.
- Wales (LTT): £46,750 at the main rates (also for first-time buyers) and £88,700 at the higher rates for an additional property.
Frequently asked questions
How much is stamp duty on £850,000?
£32,500 in England and Northern Ireland for a home mover, £32,500 for a first-time buyer and £75,000 for an additional property.
How much stamp duty on £850,000 for a first-time buyer?
£32,500 in England and Northern Ireland: the relief only applies to homes up to £500,000.