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Stamp duty on £1,000,000

The short answer

Stamp duty on a £1,000,000 home in England is £43,750 if you’re moving home, and £43,750 for a first-time buyer.

	England and NI	Share of price
First-time buyer	£43,750	4.4%
Moving home	£43,750	4.4%
Extra home or buy-to-let	£93,750	9.4%

First-time buyers pay £43,750, the same as everyone else, because first-time buyer relief stops above £500,000.
Buying an extra home, such as a second home or buy-to-let, adds 5% of the whole price, so you’d pay £93,750.

Work out your full costs I’m a first-time buyer

Scotland and Wales

	Main home	First-time buyer
Scotland (LBTT)	£78,350	£77,750
Wales (LTT)	£61,750	£61,750

How LBTT and LTT work.

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Other prices

£600,000 £700,000 £750,000

Buying a buy-to-let? Landlord Sums has stamp duty and tax calculators for landlords.

Questions

How much is stamp duty on £1,000,000?

In England and Northern Ireland, £43,750 if you’re moving home, £43,750 for a first-time buyer, and £93,750 for an additional home, for purchases from 1 April 2025.

How much is stamp duty on £1,000,000 in Scotland?

Land and Buildings Transaction Tax is £78,350, or £77,750 for a first-time buyer.

How much is stamp duty on £1,000,000 in Wales?

Land Transaction Tax is £61,750 for a main home, whether or not you’re a first-time buyer.

Rates for homes bought from 1 April 2025. A guide, not legal advice. Your solicitor will confirm the exact amount.

Last checked against GOV.UK: 9 October 2026