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Stamp Duty On A £450,000 Home

Stamp Duty Land Tax (SDLT, commonly known as just stamp duty) is a tax you pay when you buy property in the UK. It can get hellishly complicated – this calculator will make it simple to work out how much stamp duty is for a £450,000 home.

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This is just an estimate!

Tax rules change all the time and everyone's circumstances are different, so don't take anything on this page as advice! When it's time to buy, speak your solicitor for advice on stamp duty.

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Read about stamp duty for first time buyers

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How is stamp duty calculated on a £450,000 home in 2019?

How much stamp duty you'll pay on a £450,000 home will depend on a few things:

  1. Where in the UK you’re buying: England & Northern Ireland, Scotland, or Wales
  2. Whether you’re a first time buyer
  3. If you’re buying an additional property (for example, to let out or use as a holiday home)

England & Northern Ireland SDLT (stamp duty) Rates

Stamp Duty Land Tax (most people just call it ‘stamp duty’) is calculated in ‘bands’, which means you pay different rates on different ‘portions’ of the £450,000 property price.

Property priceStamp Duty Rate
£0–£125,0000%
£125,001 – £250,0002%
£250,001 – £925,0005%
£925,001 – £1,500,00010%
£1,500,000+12%

Here’s an example for a property worth £600,000:

  1. You'll pay 0% on the first £125,000 = £0
  2. Then 2% on the next £125,000 = £2,500
  3. Finally, 5% on the last £400,000 = £20,000

Total stamp duty = £22,500

Scotland stamp duty rates (LBTT rate)

The equivalent of stamp duty in Scotland is the Land and Buildings Transaction Tax, or LBTT. It’s calculated in ‘bands’, which means you pay different rates on different ‘portions’ of the property price.

Property priceStamp Duty Rate
£0–£145,0000%
£145,001 – £250,0002%
£250,001 – £325,0005%
£325,001 – £750,00010%
£750,001+12%

Here’s an example for a property worth £300,000:

  1. You'll pay 0% on the first £145,000 = £0
  2. Then 2% on the next £105,000 = £2,100
  3. Finally, 5% on the last £50,000 = £2,500

Total LBTT = £4,600

Wales stamp duty rates (LTT Rate)

The equivalent of stamp duty in Wales is the Land Transaction Tax, or LTT. It’s calculated in ‘bands’, which means you pay different rates on different ‘portions’ of the property price.

Property PriceStamp Duty Rate
£0–£180,0000%
£180,001–£250,0003.5%
£250,001 – £750,0007.5%
£750,001 – £1,500,00010%
£1,500,000+12%

Here’s an example for a property worth £300,000:

  1. You'll pay 0% on the first £180,000 = £0
  2. Then 3.5% on the next £70,000 = £2,450
  3. Finally, 5% on the last £50,000 = £2,500

Total LBTT = £4,950

First time buyer & buy-to-let stamp duty

The amount of stamp duty you pay could change if you're a first time buyer, or if you're buying an additional property. As if it wasn't complicated enough, right? Read more about these stamp duty rates here.

Further information on stamp duty

Who pays stamp duty? At what stage of the process do you actually pay it? And if you're buying with someone else, do you both have to pay? See our stamp duty FAQs for tips on these questions and more.

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