Stamp Duty on a £500,000 house
Main residence: £0 on first £250k + 5% on £250k = £12,500. First-time buyer: 0% on first £425k + 5% on £75k = £3,750. Second home: 3% + 8% bands = £28,000.
UK property & money calculators
Main residence: £0 on first £250k + 5% on £250k = £12,500. First-time buyer: 0% on first £425k + 5% on £75k = £3,750. Second home: 3% + 8% bands = £28,000.