Answers · UK 2025/26
How much Stamp Duty do I pay on a £1,000,000 property?
On a £1,000,000 property in England or Northern Ireland for 2026/27, standard Stamp Duty Land Tax is £43,750 -- 0% up to £125,000, 2% on £125,000-£250,000, 5% on £250,000-£925,000, and 10% on the remaining £75,000 above £925,000.
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Stamp Duty Land Tax (SDLT) for a £1,000,000 residential property purchase in England or Northern Ireland in 2026/27 is calculated in slices: 0% on the first £125,000, 2% on £125,000 to £250,000 (£2,500), 5% on £250,000 to £925,000 (£33,750), and 10% on £925,000 to £1,000,000 (£7,500), giving a total standard SDLT bill of £43,750. This is an effective rate of 4.375% on the full purchase price. First-time buyer relief does not apply above £500,000, so this bill applies regardless of first-time buyer status. If this is an additional property -- a second home or buy-to-let -- a 5% surcharge applies to the entire purchase price, adding £50,000 on top of the standard £43,750, for a combined total of £93,750. Non-UK residents pay a further 2% surcharge on top of whatever rate otherwise applies, which could add another £20,000 at this price point. At the £1 million mark, buyers often engage specialist conveyancers and, for company or trust purchases, tax advisers, since Annual Tax on Enveloped Dwellings (ATED) and 15% corporate SDLT rates can apply to properties bought through a company. Use the Stamp Duty calculator to check your exact liability including any reliefs or surcharges.
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This answer is informational only and does not constitute financial, tax or legal advice. Figures are for the 2025/26 UK tax year. See our methodology and sources.