Stamp Duty on £1,000,000 Property 2025/26
Full SDLT breakdown for a £1,000,000residential property in England & Northern Ireland.
Standard Buyer
£41,250
4.13% effective
First-Time Buyer
N/A
Over £625k limit
Additional Property
£91,250
9.13% effective
Standard Buyer
| Band | Rate | Taxable | Tax |
|---|---|---|---|
| £0 – £250,000 | 0% | £250,000 | £0 |
| £250,000 – £925,000 | 5% | £675,000 | £33,750 |
| £925,000 – £1,500,000 | 10% | £75,000 | £7,500 |
| Total Stamp Duty | £41,250 | ||
Total cost with stamp duty: £1,041,250
First-Time Buyer
First-time buyer relief is not available for properties over £625,000. Standard rates apply to a £1,000,000 purchase.
Additional Property (inc. 5% surcharge)
| Band | Rate | Taxable | Tax |
|---|---|---|---|
| £0 – £250,000 | 5% | £250,000 | £12,500 |
| £250,000 – £925,000 | 10% | £675,000 | £67,500 |
| £925,000 – £1,500,000 | 15% | £75,000 | £11,250 |
| Total Stamp Duty | £91,250 | ||
Total cost with stamp duty: £1,091,250
Key Facts — Stamp Duty on £1,000,000
Frequently Asked Questions
How much stamp duty on a £1,000,000 property?
A standard buyer pays £41,250 in stamp duty on a £1,000,000 property in 2025/26. This is an effective rate of 4.13%.
Do first-time buyers pay stamp duty on £1,000,000?
First-time buyer relief does not apply to a £1,000,000 property because it exceeds the £625,000 threshold. Standard rates apply.
What is the additional property stamp duty on £1,000,000?
Buy-to-let and second home buyers pay £91,250 on a £1,000,000 property. This includes the 5% surcharge on all bands.
When do you pay stamp duty?
Stamp duty must be paid within 14 days of completion. Your solicitor usually handles the payment on your behalf.
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How Stamp Duty Works on a £1,000,000 Property
Stamp Duty Land Tax (SDLT) is a tax you pay when buying residential property in England and Northern Ireland. On a £1,000,000 property, the amount you pay depends on your buyer status. Standard buyers pay £41,250, while additional property buyers (buy-to-let, second homes) pay £91,250 due to the 5% surcharge.
SDLT is calculated on a tiered basis — you only pay each rate on the portion of the price within that band, similar to income tax. The effective rate on a £1,000,000 property is 4.13% for standard buyers. Your solicitor will typically handle the stamp duty payment and filing within 14 days of completion.
2025/26 SDLT Rates
- 0% on the first £250,000 (£425,000 for first-time buyers)
- 5% from £250,001 to £925,000
- 10% from £925,001 to £1,500,000
- 12% above £1,500,000
- Additional properties: +5% surcharge on all bands