How much stamp duty on a £2,000,000 property?

Stamp duty on a £2,000,000 property is £153,750 for home movers (7.69% effective rate). First-time buyers pay £153,750. Additional property buyers pay £253,750 including the 5% surcharge.

Do first-time buyers pay stamp duty on £2,000,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £153,750.

Stamp Duty on £2,000,000 Property

If you buy a £2,000,000 property in England or Northern Ireland, you will pay £153,750 in stamp duty land tax (7.69% effective rate). Updated with April 2025 HMRC rates.

Home mover

£153,750

7.69% · Standard rates

First-time buyer

£153,750

7.69% · No relief (over £500k)

Additional property

£253,750

12.69% · +5% surcharge

SDLT band breakdown on £2,000,000

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 – £2,000,000 (12%)£60,000

Total£153,750

Total purchase cost

Property price£2,000,000

Stamp duty£153,750

Est. legal fees~£6,500

Est. survey~£500

Estimated total£2,160,750

Stamp duty as % of price

Property 92.3%

SDLT 7.69%

Compare property prices

£1,500,000£93,750 £1,600,000£105,750 £1,750,000£123,750 £2,500,000£213,750

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