How much stamp duty on a £1,600,000 property?

Stamp duty on a £1,600,000 property is £105,750 for home movers (6.61% effective rate). First-time buyers pay £105,750. Additional property buyers pay £185,750 including the 5% surcharge.

Do first-time buyers pay stamp duty on £1,600,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £105,750.

Stamp Duty on £1,600,000 Property

If you buy a £1,600,000 property in England or Northern Ireland, you will pay £105,750 in stamp duty land tax (6.61% effective rate). Updated with April 2025 HMRC rates.

Home mover

£105,750

6.61% · Standard rates

First-time buyer

£105,750

6.61% · No relief (over £500k)

Additional property

£185,750

11.61% · +5% surcharge

SDLT band breakdown on £1,600,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £925,000 (5%)£33,750

£925,000 – £1,500,000 (10%)£57,500

£1,500,000 – £1,600,000 (12%)£12,000

Total£105,750

Total purchase cost

Property price£1,600,000

Stamp duty£105,750

Est. legal fees~£5,300

Est. survey~£500

Estimated total£1,711,550

Stamp duty as % of price

Property 93.4%

SDLT 6.61%

Compare property prices

£1,100,000£53,750 £1,200,000£63,750 £1,250,000£68,750 £1,300,000£73,750 £1,400,000£83,750 £1,500,000£93,750

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