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Stamp Duty

Stamp Duty on a £250,000 Property

A worked breakdown of Stamp Duty Land Tax on a £250,000 property purchase in England or Northern Ireland, covering the standard rate, first-time buyer relief, and the higher rates that can apply to a second home or additional property.

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Standard Stamp Duty on £250,000

At the standard residential rates, a £250,000 property is charged as follows.

BandRateTax due
Up to £125,0000%£0.00
£125,001 to £250,0002%£2,500.00
Total Stamp Duty due: £2,500.00, an effective rate of 1%.

First-time buyer relief on £250,000

A first-time buyer purchasing a £250,000 property benefits from relief, since the price is within the current first-time buyer threshold.

BandRateTax due
Up to £300,0000%£0.00
Total Stamp Duty due as a first-time buyer: £0.00, an effective rate of 0%.

Buying a second home or additional property at £250,000

If buying a £250,000 property means you will own more than one residential property, the higher rates can apply instead.

BandRateTax due
Up to £125,0005%£6,250.00
£125,001 to £250,0007%£8,750.00
Total Stamp Duty due at the higher rates: £15,000.00, an effective rate of 6%.

How this is calculated

Stamp Duty Land Tax is charged in bands, so only the portion of the price within each band is taxed at that band's rate. The higher rates for a second home or additional property do not apply to a purchase worth less than £40,000.00.

These figures cover England and Northern Ireland. Scotland and Wales have their own property transaction taxes with different rates and thresholds.

Frequently asked questions

How much Stamp Duty is due on a £250,000 property?
At the standard rate, £2,500, an effective rate of 1%. This assumes you are not a first-time buyer and are not buying an additional property.
How much Stamp Duty does a first-time buyer pay on a £250,000 property?
No Stamp Duty is due for a first-time buyer at £250,000, since the whole price falls within the first-time buyer relief threshold.
How much Stamp Duty is due on a £250,000 second home or additional property?
An estimated £15,000, an effective rate of 6%, assuming the higher rates apply.
Am I eligible for first-time buyer relief on a £250,000 property?
You must never have owned a residential property anywhere in the world before, and the property must be your only or main residence. Eligibility depends on your own circumstances; check GOV.UK guidance if you are unsure.
When do the higher rates not apply to a £250,000 property?
The higher rates do not apply if you are replacing your main residence and sell your previous main residence within the relevant time limit, or if the property is your only residential property at completion.
Is this Stamp Duty figure exact for my purchase?
This is an estimate based on the price alone. For a figure that reflects your specific circumstances, including any reliefs or exceptions, use the full Stamp Duty Calculator.

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This is an estimate for general guidance only and is not financial or legal advice. It does not determine eligibility for any relief, exception or refund. Use the full Stamp Duty Calculator for your own figures.