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Stamp Duty

What Stamp Duty Land Tax is, what you’ll pay in 2026, and when you might pay less.

Stamp Duty Land Tax (SDLT) is one of the biggest one-off costs of buying a home - but most buyers pay far less than they fear, and many first-time buyers pay nothing at all. These guides explain the current rates, who pays what, and how to plan for it.

Guides

Common questions

How much stamp duty do I pay on a £300,000 house?

For a single property in England or Northern Ireland you pay 2% on the portion from £125,001 to £250,000 (£2,500) and 5% on the portion from £250,001 to £300,000 (£2,500) - £5,000 in total. If you are a first-time buyer, the bill is £0, because the £300,000 nil-rate band covers the full price.

Do first-time buyers pay stamp duty?

Most don’t. First-time buyer relief gives a £300,000 nil-rate band on properties worth £500,000 or less, so most first homes under £300,000 are completely free of stamp duty. Above £300,000 you pay 5% on the excess, up to £500,000. Above £500,000 the relief is lost entirely.

Is there extra stamp duty on a second home?

Yes - 5% on top of the standard rates if you already own another residential property and aren’t replacing your main residence. If you’re buying a new main home and haven’t sold the old one yet, you pay the surcharge but can usually claim a refund once the old home sells within 36 months.

When do I actually pay stamp duty?

SDLT is due within 14 days of completion. In practice your conveyancer prepares the return and pays the tax out of the completion funds, so you rarely handle it yourself - just make sure the money is accounted for in your budget.