By price
Stamp duty on a £1,500,000 property
Every pound above £1,500,000 is taxed at the top rate in all three nations; the surcharges decide how high that rate goes.
Checked by Radif Partners · Editorial policy · How we calculate
On a £1,500,000 home bought as an only residence, Stamp Duty Land Tax in England and Northern Ireland is £93,750, Land Transaction Tax in Wales is £111,750 and Land and Buildings Transaction Tax in Scotland is £138,350. £1,500,000 is the last pound of the 10% band in England and in Wales; above it, both charge their top rate of 12%, the same rate Scotland has applied since £750,000. From here, the three nations tax each extra pound of an only home identically, and what separates buyers is their situation. In England a second home pays 17% on every pound above this price, a non-resident 14%, and a non-resident with another home 19%. A Welsh second home pays 17% at the margin, and a Scottish one 20%, the top LBTT rate plus the 8% supplement. A second home at this price costs £168,750 in England, £186,200 in Wales and £258,350 in Scotland.
More options: commercial property, company relief
Stamp Duty Land Tax · England and Northern Ireland
£93,750
6.3% of £1,500,000 · rule applied: Standard residential rates
| Portion | Rate | Tax |
|---|---|---|
| £0 to £125,000 | 0% | £0 |
| £125,000 to £250,000 | 2% | £2,500 |
| £250,000 to £925,000 | 5% | £33,750 |
| £925,000 to £1,500,000 | 10% | £57,500 |
Return and payment due within 14 days of completion.
Same purchase elsewhere in the UK
Where the top band begins
England and Wales both end their 10% band at £1,500,000 and charge 12% beyond it (GOV.UK, Welsh Revenue Authority). Scotland got there sooner: its 12% band starts at £750,001, which is why its bill on £1,500,000 is already £44,600 above England’s. Once a buyer of an only home crosses £1,500,000, each additional pound costs the same everywhere in Great Britain and in Northern Ireland, and the gaps between the nations stop growing.
That makes the headline bill less useful than the rate on the next pound. Two buyers at the same price can face very different marginal rates depending on whether they own another home, live abroad or buy through a company.
The rate on each pound above £1,500,000, buyer by buyer
| Buyer | Tax on £1,500,000 | Rate on the next pound |
|---|---|---|
| England & NI, only home | £93,750 | 12% |
| England & NI, non-resident | £123,750 | 14% |
| England & NI, second home | £168,750 | 17% |
| England & NI, non-resident with another home | £198,750 | 19% |
| England & NI, company without relief | £255,000 | 17% |
| Wales, only home | £111,750 | 12% |
| Wales, second home | £186,200 | 17% |
| Scotland, only home | £138,350 | 12% |
| Scotland, second home | £258,350 | 20% |
In England the surcharges are added to the top rate: 5% for a second home, 2% for a non-resident, both for a non-resident who keeps another home. Wales uses a separate higher-rates table whose top band, also from £1,500,001, is 17%. In Scotland the supplement is charged on the whole price, so it adds 8% to every pound, the next one included. A company in England without a relief pays a flat 17%, so its marginal rate is the same as its average rate.
The English bill at £1,500,000, band by band
| Band | Amount in band | Rate | Tax |
|---|---|---|---|
| £0 to £125,000 | £125,000 | 0% | £0 |
| £125,001 to £250,000 | £125,000 | 2% | £2,500 |
| £250,001 to £925,000 | £675,000 | 5% | £33,750 |
| £925,001 to £1,500,000 | £575,000 | 10% | £57,500 |
| Total | £1,500,000 | 6.3% | £93,750 |
More than half of the English bill comes from the 10% slice between £925,001 and £1,500,000. The SDLT rates page and the Welsh rates page show the full tables.
The Welsh bill of £111,750 is built differently: nothing to £225,000, then 6%, 7.5% and 10% slices, with a 10% slice of £750,000 against £575,000 in England. The Scottish bill of £138,350 already includes £750,000 taxed at 12%.
Homes that cross the line
On the UK House Price Index for July 2026, the average detached house in Elmbridge, Surrey, sold for £1,593,107, and the average terraced house in Kensington and Chelsea for £2,429,086. On the first, an only home pays £104,922 of SDLT, of which £11,172 comes from the slice above £1,500,000. On the second, the bill is £205,240, or £375,276 for an overseas buyer who owns another home.