By price
Stamp duty on a £925,000 property
The longest band of Stamp Duty Land Tax ends here, and every surcharge in England is charged on top of it.
Checked by Radif Partners · Editorial policy · How we calculate
On a £925,000 home bought as an only residence in England or Northern Ireland, Stamp Duty Land Tax is £36,250: nothing on the first £125,000, 2% on the next £125,000 and 5% on the remaining £675,000. £925,000 is the last pound of that 5% band, the widest in the English table; from the next pound the rate is 10%. The surcharges stack on top. A buyer who will own another home pays £82,500, a buyer who spent fewer than 183 days in the UK in the year before completion pays £54,750, and a non-resident who also owns another home pays £101,000, which is 10.9% of the price. A company without a relief pays £157,250. The same purchase costs £69,350 of LBTT in Scotland and £54,250 of Land Transaction Tax in Wales, with no non-resident surcharge in either.
More options: commercial property, company relief
Stamp Duty Land Tax · England and Northern Ireland
£36,250
3.9% of £925,000 · 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 |
Return and payment due within 14 days of completion.
Same purchase elsewhere in the UK
The ceiling of the 5% band
The 5% band of SDLT runs from £250,001 to £925,000, a stretch of £675,000, far longer than any other band in the table. At £925,000 it is completely used, and the tax on it alone is £33,750. Everything above is charged at 10% until £1,500,000. The effective rate on the whole price is 3.9%, well under the 5% of the top slice.
| 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 |
| Total | £925,000 | 3.9% | £36,250 |
When the surcharges stack
England has two surcharges for individuals, and they add together. The higher rates add 5% to each band for a buyer who will own more than one dwelling at the end of completion day, counting homes anywhere in the world (HMRC guidance). The non-resident surcharge adds 2% for a buyer who spent fewer than 183 days in the UK in the year before completion. Both apply to every slice, nil band included, so on £925,000 together they add £64,750.
| Buyer | SDLT | Effective rate |
|---|---|---|
| UK resident, only home | £36,250 | 3.9% |
| Non-resident, only home | £54,750 | 5.9% |
| UK resident, owns another home | £82,500 | 8.9% |
| Non-resident, owns another home | £101,000 | 10.9% |
| UK company, no relief | £157,250 | 17% |
| Non-resident company, no relief | £175,750 | 19% |
A company above £500,000 without a relief pays the flat 17% rate instead of the slices, plus the non-resident surcharge if it is non-resident. Only the non-resident part can be recovered later by an individual who meets the 183-day test (SDLTM09960).
The higher-rate part is different when the other home is the main residence being sold. A resident who buys at £925,000 before selling pays £82,500 and can reclaim £46,250 once the old home is sold within 3 years. In Scotland and Wales the picture is simpler for overseas buyers, who pay what residents pay: £69,350 of LBTT and £54,250 of LTT on an only home, with the supplement or higher rates for anyone keeping another home, wherever it is.
London boroughs around £925,000
At July 2026 prices, the average home in several inner and west London boroughs sat between £800,000 and £900,000. The table shows SDLT on each average for a resident buying an only home and for an overseas buyer who owns another property.
| Borough | Average price | Resident, only home | Non-resident, second home |
|---|---|---|---|
| Camden | £815,159 | £30,757 | £87,819 |
| Westminster | £876,788 | £33,839 | £95,214 |
| Richmond upon Thames | £803,249 | £30,162 | £86,389 |
None of these averages passes £925,000, so a resident buyer at the average never reaches the 10% slice. The overseas buyer of a second home pays 7% of the whole price on top. The London page has every borough.