Stamp duty on £425,000
Stamp duty on a £425,000 home is £11,250 for a home mover and £6,250 for a first-time buyer.
Stamp duty on £425,000 by buyer type
| Buyer | Stamp duty | Effective rate |
|---|---|---|
| First-time buyer | £6,250 | 1.47% |
| Home mover | £11,250 | 2.65% |
| Second home or buy-to-let | £32,500 | 7.65% |
| Non-UK resident, main home | £19,750 | 4.65% |
| Non-UK resident, additional property | £41,000 | 9.65% |
How the £11,250 is worked out
For a home mover, each slice of the price is taxed at its own rate:
| Band | Rate | Taxable amount | Tax |
|---|---|---|---|
| £0 to £125,000 | 0% | £125,000 | £0 |
| £125,000 to £250,000 | 2% | £125,000 | £2,500 |
| £250,000 to £925,000 | 5% | £175,000 | £8,750 |
| Total | £425,000 | £11,250 |
Key points at £425,000
- First-time buyers pay £6,250, saving £5,000 compared with a home mover.
- Each extra £1,000 on the price adds £50 of stamp duty for a home mover at this level.
- A second home or buy-to-let costs £21,250 more, because the 5% surcharge applies to the whole price.
- Stamp duty is normally due within 14 days of completion. Your conveyancer usually files the return and pays it.
Check your own figures
The calculator is set to £425,000. Change the buyer type to match your purchase.
| Band | Rate | Taxable amount | Tax |
|---|
Cash needed upfront on £425,000
| Deposit | Deposit amount | Plus stamp duty (first-time buyer) | Plus stamp duty (mover) |
|---|---|---|---|
| 5% | £21,250 | £27,500 | £32,500 |
| 10% | £42,500 | £48,750 | £53,750 |
| 15% | £63,750 | £70,000 | £75,000 |
| 25% | £106,250 | £112,500 | £117,500 |
Legal fees, surveys and moving costs come on top. To see monthly repayments on the rest, use the mortgage repayment calculator.
Stamp duty on prices near £425,000
| Price | Home mover | First-time buyer |
|---|---|---|
| £410,000 | £10,500 | £5,500 |
| £415,000 | £10,750 | £5,750 |
| £420,000 | £11,000 | £6,000 |
| £425,000 | £11,250 | £6,250 |
| £430,000 | £11,500 | £6,500 |
| £435,000 | £11,750 | £6,750 |
| £440,000 | £12,000 | £7,000 |
Assumptions
Residential purchase of a freehold or leasehold home in England or Northern Ireland at standard rates, with all buyers first-time buyers where first-time buyer relief is shown. Scotland and Wales have their own taxes. See stamp duty explained for the rules.
Frequently asked questions
How much is stamp duty on £425,000?
£11,250 for a home mover in England or Northern Ireland in 2026/27, an effective rate of 2.65%.
Do first-time buyers pay stamp duty on £425,000?
£6,250, which is £5,000 less than a home mover pays.
What is stamp duty on a £425,000 second home or buy-to-let?
£32,500, including the 5% additional property surcharge on the full price.
Does this apply in Scotland or Wales?
No. Scotland charges Land and Buildings Transaction Tax and Wales charges Land Transaction Tax, each with different rates.