Answers · UK 2025/26
How much Stamp Duty do I pay on a £550,000 property?
On a £550,000 property in England or Northern Ireland for 2026/27, standard Stamp Duty Land Tax is £17,500 (0% up to £125,000, 2% on £125,000-£250,000, 5% on £250,000-£550,000). First-time buyer relief does not apply above £500,000, so first-time buyers pay the same £17,500.
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Stamp Duty Land Tax (SDLT) for a £550,000 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), and 5% on £250,000 to £550,000 (£15,000), giving a total standard SDLT bill of £17,500. First-time buyer relief only applies to properties priced at £500,000 or below, so a first-time buyer purchasing this £550,000 property gets no relief and pays the same £17,500 as any other buyer. If this is an additional property -- a second home or buy-to-let -- a 5% surcharge applies to the entire purchase price, adding £27,500 on top of the standard £17,500, for a combined total of £45,000. Non-UK residents pay a further 2% surcharge on top of whatever rate otherwise applies. Scotland's LBTT and Wales's LTT have different thresholds, so the same purchase would attract a different bill in either nation. Use the Stamp Duty calculator to check your exact liability including any reliefs or surcharges that apply to your situation.
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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.