How much stamp duty on a £400,000 property?

Stamp duty on a £400,000 property is £10,000 for home movers (2.5% effective rate). First-time buyers pay £5,000. Additional property buyers pay £30,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £400,000?

First-time buyers pay £5,000 on a £400,000 property — only 5% on the amount above £300,000.

Stamp Duty on £400,000 Property

If you buy a £400,000 property in England or Northern Ireland, you will pay £10,000 in stamp duty land tax (2.5% effective rate). Updated with April 2025 HMRC rates.

Home mover

£10,000

2.5% · Standard rates

First-time buyer

£5,000

1.25% · FTB relief applied

Additional property

£30,000

7.5% · +5% surcharge

SDLT band breakdown on £400,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £400,000 (5%)£7,500

Total£10,000

First-time buyer

£0 – £300,000 (0%)£0

£300,000 – £400,000 (5%)£5,000

Total£5,000

Total purchase cost

Property price£400,000

Stamp duty£10,000

Est. legal fees~£1,700

Est. survey~£500

Estimated total£412,200

Stamp duty as % of price

Property 97.5%

SDLT 2.5%

Compare property prices

£300,000£5,000 £325,000£6,250 £350,000£7,500 £375,000£8,750 £425,000£11,250 £450,000£12,500

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