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How Much Is Stamp Duty in the UK? (2024 Rates & Calculator)
🕑 3 min read · FinCalcHub Editorial
Quick Answer
UK Stamp Duty Land Tax (SDLT) on a £300,000 home for a standard buyer in 2024 is £5,000. First-time buyers pay £0 on the same property (first-time buyer relief up to £425,000 applies until March 2025).
2024 Standard SDLT Rates (England & Northern Ireland)
| Property Price Band | Standard Rate | First-Time Buyer Rate |
|---|
| Up to £250,000 | 0% | 0% |
| £250,001–£425,000 | 5% | 0% |
| £425,001–£625,000 | 5% | 5% |
| £625,001–£925,000 | 5% | Standard rates apply |
| £925,001–£1,500,000 | 10% | Standard rates apply |
| Over £1,500,000 | 12% | Standard rates apply |
Important deadline: First-time buyer relief (0% up to £425,000) is scheduled to revert to 0% up to £300,000 from April 2025. If you're close to completing, the timeline matters.
Worked Example: £350,000 Purchase
| Band | Standard buyer | First-time buyer |
|---|
| 0% on first £250,000 | £0 | £0 |
| 5% on £250,001–£350,000 (£100,000) | £5,000 | £0 (relief applies) |
| Total SDLT | £5,000 | £0 |
Second Home / Buy-to-Let Surcharge
If you're buying an additional property (second home, buy-to-let), add 3% to each band. On a £300,000 second property: standard SDLT = £2,500. With 3% surcharge: £11,500 total.
Scotland and Wales
- Scotland: Land and Buildings Transaction Tax (LBTT). 0% up to £145,000; 2% from £145,001–£250,000; 5% from £250,001–£325,000; 10% from £325,001–£750,000; 12% above £750,000. First-time buyer relief: 0% up to £175,000.
- Wales: Land Transaction Tax (LTT). 0% up to £225,000; 6% from £225,001–£400,000; 7.5% from £400,001–£750,000.
When Is Stamp Duty Paid?
SDLT must be paid within 14 days of completion. Your solicitor or conveyancer handles the submission and payment — they'll add it to the completion statement alongside their own fees.
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