How much stamp duty on a £950,000 property?

Stamp duty on a £950,000 property is £38,750 for home movers (4.08% effective rate). First-time buyers pay £38,750. Additional property buyers pay £86,250 including the 5% surcharge.

Do first-time buyers pay stamp duty on £950,000?

First-time buyer relief is not available on properties over £500,000. Standard rates apply: £38,750.

Stamp Duty on £950,000 Property

If you buy a £950,000 property in England or Northern Ireland, you will pay £38,750 in stamp duty land tax (4.08% effective rate). Updated with April 2025 HMRC rates.

Home mover

£38,750

4.08% · Standard rates

First-time buyer

£38,750

4.08% · No relief (over £500k)

Additional property

£86,250

9.08% · +5% surcharge

SDLT band breakdown on £950,000

Home mover

£0 – £125,000 (0%)£0

£125,000 – £250,000 (2%)£2,500

£250,000 – £925,000 (5%)£33,750

£925,000 – £950,000 (10%)£2,500

Total£38,750

Total purchase cost

Property price£950,000

Stamp duty£38,750

Est. legal fees~£3,350

Est. survey~£500

Estimated total£992,600

Stamp duty as % of price

Property 95.9%

SDLT 4.08%

Compare property prices

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