Answers · UK 2025/26
How much Stamp Duty do I pay on a £700,000 house in England?
Stamp Duty on a £700,000 home in England or Northern Ireland for 2026/27 is £25,000 if it is your only property. That is 0% on the first £125,000, 2% on the next £125,000 (£2,500), and 5% on the remaining £450,000 (£22,500).
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For a £700,000 main residence in England or Northern Ireland for 2026/27, Stamp Duty Land Tax is charged in slices: 0% on the first £125,000 (£0), 2% on the portion from £125,001 to £250,000 (£2,500), and 5% on the portion from £250,001 to £700,000, which is £450,000 at 5% (£22,500). The total is £25,000, an effective rate of about 3.6%. First-time buyers get no relief at this price because the relief only applies to purchases up to £500,000; above that, standard rates apply to the whole price. If this is an additional property, such as a second home or buy-to-let, you add the 5% surcharge on the entire price, which is £35,000 on £700,000, taking the total to £60,000. Companies buying residential property also pay the surcharge on the full price. In Scotland the equivalent tax is Land and Buildings Transaction Tax and in Wales it is Land Transaction Tax, both with different bands, so the figures differ. Stamp Duty is normally paid within 14 days of completion, usually handled by your conveyancer. Use the Stamp Duty calculator to compare main-residence, first-time-buyer and second-home figures for any price.
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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.