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Stamp Duty on a £700,000 Property
Here's how much stamp duty you'll pay on a £700,000 property in England or Northern Ireland, for each buyer type.
Standard Buyer
£22,500
3.21% effective rate
First-Time Buyer
£22,500
3.21% effective rate
Additional Property
£57,500
8.21% effective rate
Detailed Breakdown for £700,000
| Tax Band | Standard | First-Time | Additional |
|---|---|---|---|
| £0 – £250,000 | £0 | £0 | £12,500 |
| £250,000 – £700,000 | £22,500 | £22,500 | £45,000 |
| Total | £22,500 | £22,500 | £57,500 |