Stamp Duty on a £550,000 Property
Stamp duty (SDLT) on a £550,000 property in England or Northern Ireland is £17,500 for a standard purchase — an effective rate of 3.18%. First-time buyers pay just £12,500, saving £5,000.
Standard Purchase
£17,500
Effective rate: 3.18%
First-Time Buyer
£12,500
Save £5,000
Additional Property
£34,000
Includes 3% surcharge
SDLT Band Breakdown (Standard Purchase)
| Band | Rate | Taxable Amount | Tax |
|---|---|---|---|
| £1 – £125k | 0% | £125,000 | £0 |
| £125k – £250k | 2% | £125,000 | £2,500 |
| £250k – £925k | 5% | £300,000 | £15,000 |
| Total | £17,500 | ||
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Frequently Asked Questions
Stamp Duty at Other Prices
Stamp duty rates shown are for England and Northern Ireland (SDLT) as of April 2025. Wales uses Land Transaction Tax (LTT) and Scotland uses LBTT — different rates apply. Results are estimates only. Always verify with HMRC or your conveyancer before completion.