Stamp Duty on a £550,000 house
Main residence: £0 on first £250k + 5% on £300k = £15,000. First-time buyer: 0% on first £425k + 5% on £125k = £6,250. Second home: 3% on £250k + 8% on £300k = £31,500.
UK property & money calculators
Main residence: £0 on first £250k + 5% on £300k = £15,000. First-time buyer: 0% on first £425k + 5% on £125k = £6,250. Second home: 3% on £250k + 8% on £300k = £31,500.