Stamp Duty on a £400,000 Property
Stamp Duty Land Tax on a £400,000 property in England or Northern Ireland is £10,000.00 for a standard purchase (effective rate 2.5%).
Standard Purchase
| Band | Tax |
|---|---|
| £0 – £125,000 at 0.0% | £0.00 |
| £125,000 – £250,000 at 2.0% | £2,500.00 |
| £250,000 – £400,000 at 5.0% | £7,500.00 |
| Total Stamp Duty | £10,000.00 |
| Effective Rate | 2.5% |
All Buyer Types on £400,000
| Buyer Type | Stamp Duty | Effective Rate |
|---|---|---|
| Standard (moving home) | £10,000.00 | 2.5% |
| First-time buyer | £5,000.00 | 1.3% |
| Additional property (+5%) | £30,000.00 | 7.5% |
First-time buyers save £5,000.00 on a £400,000 property compared to standard rates.
What You Pay on £400,000
On a £400,000 property, a standard buyer pays £10,000.00 in stamp duty. This is calculated on the banded system — you pay different rates on each portion of the price, not a flat rate on the total. The first £125,000 is tax-free, then 2% on the next portion up to £250,000, and 5% on the rest up to £925,000.
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