How much stamp duty on a £650,000 property?

Stamp duty on a £650,000 property is £22,500 for home movers (3.46% effective rate). First-time buyers pay £22,500. Additional property buyers pay £55,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £650,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £22,500.

Stamp Duty on £650,000 Property

If you buy a £650,000 property in England or Northern Ireland, you will pay £22,500 in stamp duty land tax (3.46% effective rate). Updated with April 2025 HMRC rates.

Home mover

£22,500

3.46% · Standard rates

First-time buyer

£22,500

3.46% · No relief (over £500k)

Additional property

£55,000

8.46% · +5% surcharge

SDLT band breakdown on £650,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £650,000 (5%)£20,000

Total£22,500

Total purchase cost

Property price£650,000

Stamp duty£22,500

Est. legal fees~£2,450

Est. survey~£500

Estimated total£675,450

Stamp duty as % of price

Property 96.5%

SDLT 3.46%

Compare property prices

£150,000£500 £175,000£1,000 £200,000£1,500 £225,000£2,000 £250,000£2,500 £275,000£3,750

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