Answers · UK 2025/26
How much stamp duty do I pay on a £350,000 property?
On a £350,000 property in England or Northern Ireland, standard SDLT is £7,500 (0% to £125,000, 2% on the next £125,000, 5% on the remaining £100,000). A genuine first-time buyer pays only £2,500, thanks to first-time buyer relief.
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Under the standard residential Stamp Duty Land Tax rates for England and Northern Ireland, a £350,000 purchase is taxed at 0% on the first £125,000, 2% on the next £125,000 (£2,500), and 5% on the remaining £100,000 (£5,000), giving total SDLT of £7,500. A genuine first-time buyer benefits from relief on properties up to £500,000: the first £300,000 is taxed at 0%, and the remaining £50,000 at 5%, giving SDLT of just £2,500 -- a saving of £5,000 compared with the standard rate. If the property is an additional property, such as a buy-to-let or second home, a 5% surcharge applies across the whole price on top of the standard bands, adding £17,500 and bringing the total SDLT to £25,000. In Scotland, the equivalent Land and Buildings Transaction Tax on a £350,000 property is £8,350 for a standard purchase, or £7,750 for a first-time buyer under LBTT relief (which extends the 0% band to £175,000). In Wales, Land Transaction Tax on a £350,000 standard purchase is £7,500 (there is no first-time buyer relief in Wales), reflecting Wales's 6% band on the slice between £225,000 and £400,000. Use the Stamp Duty calculator to check your exact liability, including whether you qualify for first-time buyer relief.
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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.