How much stamp duty on a £700,000 property?

Stamp duty on a £700,000 property is £25,000 for home movers (3.57% effective rate). First-time buyers pay £25,000. Additional property buyers pay £60,000 including the 5% surcharge.

Do first-time buyers pay stamp duty on £700,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £25,000.

Stamp Duty on £700,000 Property

If you buy a £700,000 property in England or Northern Ireland, you will pay £25,000 in stamp duty land tax (3.57% effective rate). Updated with April 2025 HMRC rates.

Home mover

£25,000

3.57% · Standard rates

First-time buyer

£25,000

3.57% · No relief (over £500k)

Additional property

£60,000

8.57% · +5% surcharge

SDLT band breakdown on £700,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £700,000 (5%)£22,500

Total£25,000

Total purchase cost

Property price£700,000

Stamp duty£25,000

Est. legal fees~£2,600

Est. survey~£500

Estimated total£728,100

Stamp duty as % of price

Property 96.4%

SDLT 3.57%

Compare property prices

£200,000£1,500 £225,000£2,000 £250,000£2,500 £275,000£3,750 £300,000£5,000 £325,000£6,250

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