First-time buyer stamp duty calculator
Work out the stamp duty you pay as a first-time buyer, and how much the relief saves.
First-time buyers' relief from GOV.UK, checked 13 November 2026.
Result
On a £350,000 home in England or Northern Ireland, as a first-time buyer, the stamp duty is £2,500.
stamp duty to pay
| Up to £300,000 at 0% | £0.00 |
|---|---|
| £300,001 to £500,000 at 5% | £2,500.00 |
| Saved by first-time buyers' relief | £5,000 |
| Effective rate | 0.71% |
The same price in Scotland: £7,750 and Wales: £7,500.
Show the workings
| Step | Sum | Answer |
|---|---|---|
| Up to £300,000 | £300,000 × 0% | £0.00 |
| £300,001 to £500,000 | £50,000 × 5% | £2,500.00 |
| Total | the parts added up, rounded down to the pound | £2,500.00 |
What this leaves out or assumes
- For a residential property in England or Northern Ireland, bought outright by an individual. Shared ownership, companies, leases and linked purchases have their own rules.
- You pay it within 14 days of completion. A solicitor or conveyancer usually pays it for you.
Where the figures come from
- First-time buyers: no SDLT up to: £300,000. Source: GOV.UK: Stamp Duty Land Tax, residential property rates. Checked 13 November 2026.
- First-time buyers: rate on the portion above the nil band: 5%. Source: GOV.UK: Stamp Duty Land Tax, residential property rates. Checked 13 November 2026.
- First-time buyers' relief: highest price it applies to: £500,000. Source: GOV.UK: Stamp Duty Land Tax, residential property rates. Checked 13 November 2026.
First-time buyers' relief
If you and anyone else you are buying with are first-time buyers, you pay no stamp duty on the first £300,000, and 5% on the part from £300,001 to £500,000. If the price is over £500,000, you cannot claim the relief and pay the normal rates. HMRC explains who counts as a first-time buyer.
| Price | First-time buyer | Everyone else | Saved |
|---|---|---|---|
| £250,000 | £0 | £2,500 | £2,500 |
| £300,000 | £0 | £5,000 | £5,000 |
| £350,000 | £2,500 | £7,500 | £5,000 |
| £400,000 | £5,000 | £10,000 | £5,000 |
| £450,000 | £7,500 | £12,500 | £5,000 |
| £500,000 | £10,000 | £15,000 | £5,000 |
| £550,000 | £17,500 | £17,500 | £0 |
Scotland and Wales
In Scotland, first-time buyers pay no LBTT on the first £175,000, which saves up to £600. Wales has no first-time buyer relief, but no one pays Land Transaction Tax on the first £225,000.