How much stamp duty on a £600,000 property?

Stamp duty on a £600,000 property is £20,000 for home movers (3.33% effective rate). First-time buyers pay £15,000. Additional property buyers pay £50,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £600,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £20,000.

Stamp Duty on £600,000 Property

If you buy a £600,000 property in England or Northern Ireland, you will pay £20,000 in stamp duty land tax (3.33% effective rate). Updated with April 2025 HMRC rates.

Home mover

£20,000

3.33% · Standard rates

First-time buyer

£15,000

2.5% · No relief (over £500k)

Additional property

£50,000

8.33% · +5% surcharge

SDLT band breakdown on £600,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £600,000 (5%)£17,500

Total£20,000

First-time buyer

£0 – £300,000 (0%)£0

£300,000 – £600,000 (5%)£15,000

Total£15,000

Total purchase cost

Property price£600,000

Stamp duty£20,000

Est. legal fees~£2,300

Est. survey~£500

Estimated total£622,800

Stamp duty as % of price

Property 96.7%

SDLT 3.33%

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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