How much stamp duty on a £550,000 property?

Stamp duty on a £550,000 property is £17,500 for home movers (3.18% effective rate). First-time buyers pay £12,500. Additional property buyers pay £45,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £550,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £17,500.

Stamp Duty on £550,000 Property

If you buy a £550,000 property in England or Northern Ireland, you will pay £17,500 in stamp duty land tax (3.18% effective rate). Updated with April 2025 HMRC rates.

Home mover

£17,500

3.18% · Standard rates

First-time buyer

£12,500

2.27% · No relief (over £500k)

Additional property

£45,000

8.18% · +5% surcharge

SDLT band breakdown on £550,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £550,000 (5%)£15,000

Total£17,500

First-time buyer

£0 – £300,000 (0%)£0

£300,000 – £550,000 (5%)£12,500

Total£12,500

Total purchase cost

Property price£550,000

Stamp duty£17,500

Est. legal fees~£2,150

Est. survey~£500

Estimated total£570,150

Stamp duty as % of price

Property 96.8%

SDLT 3.18%

Compare property prices

£100,000£0 £125,000£0 £150,000£500 £175,000£1,000 £200,000£1,500 £225,000£2,000

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