How much stamp duty on a £350,000 property?

Stamp duty on a £350,000 property is £7,500 for home movers (2.14% effective rate). First-time buyers pay £2,500. Additional property buyers pay £25,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £350,000?

First-time buyers pay £2,500 on a £350,000 property — only 5% on the amount above £300,000.

Stamp Duty on £350,000 Property

If you buy a £350,000 property in England or Northern Ireland, you will pay £7,500 in stamp duty land tax (2.14% effective rate). Updated with April 2025 HMRC rates.

Home mover

£7,500

2.14% · Standard rates

First-time buyer

£2,500

0.71% · FTB relief applied

Additional property

£25,000

7.14% · +5% surcharge

SDLT band breakdown on £350,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £350,000 (5%)£5,000

Total£7,500

First-time buyer

£0 – £300,000 (0%)£0

£300,000 – £350,000 (5%)£2,500

Total£2,500

Total purchase cost

Property price£350,000

Stamp duty£7,500

Est. legal fees~£1,550

Est. survey~£500

Estimated total£359,550

Stamp duty as % of price

Property 97.9%

SDLT 2.14%

Compare property prices

£250,000£2,500 £275,000£3,750 £300,000£5,000 £325,000£6,250 £375,000£8,750 £400,000£10,000

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