How much is stamp duty on a 400k house UK

In England and Northern Ireland, SDLT (Stamp Duty Land Tax) rates for residential properties are 0% up to £125,000; 2% on the next £125,000-£250,000; 5% on the remaining £150,000-£400,000; 10% between £925,000 and £1.5 million; and 12% for anything over £1.5 million. For example, a £400,000 purchase would incur a total SDLT of £10,000.

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Greg Dickson

Greg Dickson, Director of Thomtax, offers expert tax solutions since 1995, blending seasoned strategies with a personalized touch for each client's unique needs.

For residential properties, the Stamp Duty Land Tax rates in England and Northern Ireland are as follows:

  • Up to £125,000: 0%
  • Over £125,000 and up to £250,000: 2%
  • Over £250,000 and up to £925,000: 5%
  • Over £925,000 and up to £1.5 million: 10%
  • Over £1.5 million: 12%

Based on these rates, here’s the breakdown for a £400,000 house:

  • On the first £125,000: £0 (0% of £125,000)
  • On the next £125,000 (from £125,001 to £250,000): £2,500 (2% of £125,000)
  • On the remaining £150,000 (from £250,001 to £400,000): £7,500 (5% of £150,000)

Total SDLT = £0 + £2,500 + £7,500 = £10,000

So, the SDLT on a £400,000 house would be £10,000.

Please note that this calculation is for a standard residential property purchase and does not take into account any reliefs, refund or exemptions that may apply, such as first-time buyer relief or the 3% surcharge for additional properties. SDLT rates and thresholds may also differ in Scotland and Wales, as they have their own land transaction taxes.

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