By price
Stamp duty on a £300,000 property
£300,000 is exactly where first-time buyer relief in England stops being free.
Checked by Radif Partners · Editorial policy · How we calculate
On a £300,000 purchase in England or Northern Ireland, a buyer who will own just this home pays £5,000 of Stamp Duty Land Tax: nothing on the first £125,000, 2% on the next £125,000 and 5% on the last £50,000. A first-time buyer pays £0, because £300,000 is the top of the relief’s nil band, and the first pound above it is taxed at 5%. Someone buying a second home pays £20,000, the figure HMRC itself uses as its example. The same house costs £4,600 in Land and Buildings Transaction Tax in Scotland, or £28,600 with the Additional Dwelling Supplement, and £4,500 in Land Transaction Tax in Wales, or £19,950 at the Welsh higher rates. A buyer living abroad pays £11,000 in England, and nothing extra in Scotland or Wales.
More options: commercial property, company relief
Stamp Duty Land Tax · England and Northern Ireland
£5,000
1.7% of £300,000 · 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% | £2,500 |
Return and payment due within 14 days of completion.
Same purchase elsewhere in the UK
Why £300,000 matters for first-time buyers
The first-time buyer table in England has only two bands, and £300,000 is the border between them. Below it, a first home costs no tax at all. Above it, the bill grows by 5% of every pound, which is gentle: £25,000 over the line costs £1,250. The real cliff is further up, at £500,000, and it is explained on the first-time buyer relief page.
For anyone else, £300,000 sits well inside the 5% band that runs from £250,001 to £925,000. Each extra £10,000 on the offer adds £500 of tax, whatever happens to the next bid.
| Buyer | England & NI | Scotland | Wales |
|---|---|---|---|
| First-time buyer | £0 | £4,000 | £4,500 |
| One home or moving home | £5,000 | £4,600 | £4,500 |
| Additional property | £20,000 | £28,600 | £19,950 |
| Non-UK resident, one home | £11,000 | £4,600 | £4,500 |
The bill 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 | £50,000 | 5% | £2,500 |
| Total | £300,000 | 1.7% | £5,000 |
In Scotland the same price crosses three LBTT bands, because Scotland’s 5% band stops at £325,000; £300,000 still sits under that line, which keeps the bill at £4,600. In Wales, everything below £225,000 is free and the remaining £75,000 is taxed at 6%.
| Band | Amount in band | Rate | Tax |
|---|---|---|---|
| £0 to £145,000 | £145,000 | 0% | £0 |
| £145,001 to £250,000 | £105,000 | 2% | £2,100 |
| £250,001 to £325,000 | £50,000 | 5% | £2,500 |
| Total | £300,000 | 1.5% | £4,600 |
Where £300,000 buys an average home
At the UK House Price Index for July 2026, £300,000 is close to the average price in Edinburgh (£303,965) and in York (£310,781), above the average for England as a whole (£293,479), and below the average in Bristol (£352,262). The area table lists every council.