How much stamp duty on a £425,000 property?

Stamp duty on a £425,000 property is £11,250 for home movers (2.65% effective rate). First-time buyers pay £6,250. Additional property buyers pay £32,500 including the 5% surcharge.

Do first-time buyers pay stamp duty on £425,000?

First-time buyers pay £6,250 on a £425,000 property — only 5% on the amount above £300,000.

Stamp Duty on £425,000 Property

If you buy a £425,000 property in England or Northern Ireland, you will pay £11,250 in stamp duty land tax (2.65% effective rate). Updated with April 2025 HMRC rates.

Home mover

£11,250

2.65% · Standard rates

First-time buyer

£6,250

1.47% · FTB relief applied

Additional property

£32,500

7.65% · +5% surcharge

SDLT band breakdown on £425,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £425,000 (5%)£8,750

Total£11,250

First-time buyer

£0 – £300,000 (0%)£0

£300,000 – £425,000 (5%)£6,250

Total£6,250

Total purchase cost

Property price£425,000

Stamp duty£11,250

Est. legal fees~£1,775

Est. survey~£500

Estimated total£438,525

Stamp duty as % of price

Property 97.3%

SDLT 2.65%

Compare property prices

£325,000£6,250 £350,000£7,500 £375,000£8,750 £400,000£10,000 £450,000£12,500 £475,000£13,750

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