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Stamp Duty on a £1,000,000 Property
Here's how much stamp duty you'll pay on a £1,000,000 property in England or Northern Ireland, for each buyer type.
Standard Buyer
£41,250
4.13% effective rate
First-Time Buyer
£41,250
4.13% effective rate
Additional Property
£91,250
9.13% effective rate
Detailed Breakdown for £1,000,000
| Tax Band | Standard | First-Time | Additional |
|---|---|---|---|
| £0 – £250,000 | £0 | £0 | £12,500 |
| £250,000 – £925,000 | £33,750 | £33,750 | £67,500 |
| £925,000 – £1,000,000 | £7,500 | £7,500 | £11,250 |
| Total | £41,250 | £41,250 | £91,250 |