How much stamp duty on a £1,250,000 property?

Stamp duty on a £1,250,000 property is £68,750 for home movers (5.5% effective rate). First-time buyers pay £68,750. Additional property buyers pay £131,250 including the 5% surcharge.

Do first-time buyers pay stamp duty on £1,250,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £68,750.

Stamp Duty on £1,250,000 Property

If you buy a £1,250,000 property in England or Northern Ireland, you will pay £68,750 in stamp duty land tax (5.5% effective rate). Updated with April 2025 HMRC rates.

Home mover

£68,750

5.5% · Standard rates

First-time buyer

£68,750

5.5% · No relief (over £500k)

Additional property

£131,250

10.5% · +5% surcharge

SDLT band breakdown on £1,250,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £925,000 (5%)£33,750

£925,000 – £1,250,000 (10%)£32,500

Total£68,750

Total purchase cost

Property price£1,250,000

Stamp duty£68,750

Est. legal fees~£4,250

Est. survey~£500

Estimated total£1,323,500

Stamp duty as % of price

Property 94.5%

SDLT 5.5%

Compare property prices

£750,000£27,500 £800,000£30,000 £850,000£32,500 £900,000£35,000 £925,000£36,250 £950,000£38,750

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