How much stamp duty on a £500,000 property?

Stamp duty on a £500,000 property is £15,000 for home movers (3% effective rate). First-time buyers pay £10,000. Additional property buyers pay £40,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £500,000?

First-time buyers pay £10,000 on a £500,000 property — only 5% on the amount above £300,000.

Stamp Duty on £500,000 Property

If you buy a £500,000 property in England or Northern Ireland, you will pay £15,000 in stamp duty land tax (3% effective rate). Updated with April 2025 HMRC rates.

Home mover

£15,000

3% · Standard rates

First-time buyer

£10,000

2% · FTB relief applied

Additional property

£40,000

8% · +5% surcharge

SDLT band breakdown on £500,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £500,000 (5%)£12,500

Total£15,000

First-time buyer

£0 – £300,000 (0%)£0

£300,000 – £500,000 (5%)£10,000

Total£10,000

Total purchase cost

Property price£500,000

Stamp duty£15,000

Est. legal fees~£2,000

Est. survey~£500

Estimated total£517,500

Stamp duty as % of price

Property 97.0%

SDLT 3%

Compare property prices

£100,000£0 £125,000£0 £150,000£500 £175,000£1,000 £200,000£1,500 £225,000£2,000

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