How much stamp duty on a £450,000 property?

Stamp duty on a £450,000 property is £12,500 for home movers (2.78% effective rate). First-time buyers pay £7,500. Additional property buyers pay £35,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £450,000?

First-time buyers pay £7,500 on a £450,000 property — only 5% on the amount above £300,000.

Stamp Duty on £450,000 Property

If you buy a £450,000 property in England or Northern Ireland, you will pay £12,500 in stamp duty land tax (2.78% effective rate). Updated with April 2025 HMRC rates.

Home mover

£12,500

2.78% · Standard rates

First-time buyer

£7,500

1.67% · FTB relief applied

Additional property

£35,000

7.78% · +5% surcharge

SDLT band breakdown on £450,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £450,000 (5%)£10,000

Total£12,500

First-time buyer

£0 – £300,000 (0%)£0

£300,000 – £450,000 (5%)£7,500

Total£7,500

Total purchase cost

Property price£450,000

Stamp duty£12,500

Est. legal fees~£1,850

Est. survey~£500

Estimated total£464,850

Stamp duty as % of price

Property 97.2%

SDLT 2.78%

Compare property prices

£350,000£7,500 £375,000£8,750 £400,000£10,000 £425,000£11,250 £475,000£13,750 £500,000£15,000

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