Do first-time buyers pay stamp duty on £475,000?

A first-time buyer pays £8,750 Stamp Duty on a £475,000 home in England or Northern Ireland. In Scotland it's £20,250 and in Wales £16,125.

How much is it if I've owned a home before?

£13,750 in England or Northern Ireland, £20,850 in Scotland and £16,125 in Wales. That's for replacing your main home. An extra home or buy-to-let pays a surcharge on top.

Who counts as a first-time buyer?

Everyone buying must never have owned a home, in the UK or anywhere else, and must be going to live in it. If you buy with someone who has owned before, the relief doesn't apply.

How much cash do I need to buy a £475,000 home?

About £36,800 in England with a 5% deposit: £23,750 deposit, £8,750 Stamp Duty, and about £4,300 for legal fees, searches, a survey and moving.

What salary do I need for a £475,000 home?

Many lenders lend around 4.5 times income, so a £451,250 mortgage with a 5% deposit would need about £101,000 a year, alone or together. Only a lender can say what they'd lend you.

Stamp duty calculator

Rates checked 2026-10-01

Stamp duty on a £475,000 house

A first-time buyer pays £8,750 Stamp Duty on a £475,000 home in England or Northern Ireland. Someone moving home pays £13,750. In Scotland it's £20,250 LBTT for a first-time buyer, and in Wales £16,125 LTT.

On a £475,000 home, by nation
Where	First-time buyer	Moving home
EnglandStamp Duty	£8,750	£13,750
Northern IrelandStamp Duty	£8,750	£13,750
ScotlandLBTT	£20,250	£20,850
WalesLTT	£16,125	£16,125

For your main home. An extra home or buy-to-let pays a surcharge on top. See it band by band

The cash you'd need on day one

5% deposit: £23,750
Stamp Duty: £8,750
Fees and moving: £4,300
Total: £36,800

A first-time buyer in England. Many lenders would want an income of about £101,000 for the mortgage.

Common questions

Do first-time buyers pay stamp duty on £475,000?: A first-time buyer pays £8,750 Stamp Duty on a £475,000 home in England or Northern Ireland. In Scotland it's £20,250 and in Wales £16,125.
How much is it if I've owned a home before?: £13,750 in England or Northern Ireland, £20,850 in Scotland and £16,125 in Wales. That's for replacing your main home. An extra home or buy-to-let pays a surcharge on top.
Who counts as a first-time buyer?: Everyone buying must never have owned a home, in the UK or anywhere else, and must be going to live in it. If you buy with someone who has owned before, the relief doesn't apply.
How much cash do I need to buy a £475,000 home?: About £36,800 in England with a 5% deposit: £23,750 deposit, £8,750 Stamp Duty, and about £4,300 for legal fees, searches, a survey and moving.
What salary do I need for a £475,000 home?: Many lenders lend around 4.5 times income, so a £451,250 mortgage with a 5% deposit would need about £101,000 a year, alone or together. Only a lender can say what they'd lend you.

A guide, not tax advice. Your solicitor will confirm the figure for your purchase.

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