Rates checked 2026-10-01
Stamp duty on a £500,000 house
A first-time buyer pays £10,000 Stamp Duty on a £500,000 home in England or Northern Ireland. Someone moving home pays £15,000. In Scotland it's £22,750 LBTT for a first-time buyer, and in Wales £18,000 LTT.
| Where | First-time buyer | Moving home |
|---|---|---|
| EnglandStamp Duty | £10,000 | £15,000 |
| Northern IrelandStamp Duty | £10,000 | £15,000 |
| ScotlandLBTT | £22,750 | £23,350 |
| WalesLTT | £18,000 | £18,000 |
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
- £25,000
- Stamp Duty
- £10,000
- Fees and moving
- £4,400
- Total
- £39,400
A first-time buyer in England. Many lenders would want an income of about £106,000 for the mortgage.
Common questions
- Do first-time buyers pay stamp duty on £500,000?
- A first-time buyer pays £10,000 Stamp Duty on a £500,000 home in England or Northern Ireland. In Scotland it's £22,750 and in Wales £18,000.
- How much is it if I've owned a home before?
- £15,000 in England or Northern Ireland, £23,350 in Scotland and £18,000 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 £500,000 home?
- About £39,400 in England with a 5% deposit: £25,000 deposit, £10,000 Stamp Duty, and about £4,400 for legal fees, searches, a survey and moving.
- What salary do I need for a £500,000 home?
- Many lenders lend around 4.5 times income, so a £475,000 mortgage with a 5% deposit would need about £106,000 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.