Stamp duty on a £300,000 house
£5,000 for a home mover in England or Northern Ireland, £4,600 in Scotland and £4,500 in Wales. First-time buyers and second homes change all three, worked below.
Every buyer, every nation, at £300,000
| Where | Main home | First-time buyer | Second home / buy-to-let |
|---|---|---|---|
| England & Northern Ireland | £5,000 | £0 | £20,000 |
| Scotland (LBTT) | £4,600 | £4,000 | £28,600 |
| Wales (LTT) | £4,500 | £4,500 (no relief in Wales) | £19,950 |
A first-time buyer in England or Northern Ireland pays nothing at this price: it sits inside the £300,000 relief band.
Where the England figure comes from
| Band | Tax |
|---|---|
| 0% on £0 to £125,000 | £0 |
| 2% on £125,000 to £250,000 | £2,500 |
| 5% on £250,000 to £300,000 | £2,500 |
| Total (England & NI, main home) | £5,000 |
The bands work like income tax: each rate applies only to the slice of the price inside it. The stamp duty calculator reworks these figures for any price and situation, and the mortgage repayment calculator covers the monthly cost of the borrowing itself.
Common questions
How much is stamp duty on a £300,000 house for a first-time buyer?
£0 in England and Northern Ireland with first-time buyer relief. In Scotland the LBTT is £4,000 with the raised nil-rate band. Wales has no first-time buyer relief, so the standard £4,500 applies.
How much is stamp duty on a £300,000 second home?
£20,000 in England and Northern Ireland (the standard £5,000 plus 5% of the whole price), £28,600 in Scotland with the 8% Additional Dwelling Supplement, and £19,950 in Wales under its higher-rate table.