Stamp Duty on £5,000,000 Property
If you buy a £5,000,000 property in England or Northern Ireland, you will pay £513,750 in stamp duty land tax (10.28% effective rate). Updated with April 2025 HMRC rates.
Home mover
£513,750
10.28% · Standard rates
First-time buyer
£513,750
10.28% · No relief (over £500k)
Additional property
£763,750
15.28% · +5% surcharge
SDLT band breakdown on £5,000,000
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 – £5,000,000 (12%)£420,000
Total£513,750
Total purchase cost
Property price£5,000,000
Stamp duty£513,750
Est. legal fees~£15,500
Est. survey~£500
Estimated total£5,529,750
Stamp duty as % of price
Property 89.7%
SDLT 10.28%
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