London Stamp Duty Calculator 2025
Calculate SDLT for London property purchases
Calculate Your Stamp Duty
First-Time Buyer Relief Limits
Many London properties exceed the £625,000 first-time buyer relief cap. If your property costs £625,001 or more, you pay full standard rates with no relief at all.
- Average London price: ~£520,000 (eligible for FTB relief)
- Inner London average: ~£680,000 (may exceed cap)
- Prime central: £1m+ (no FTB relief)
Typical London Stamp Duty Amounts
| Property Type | Price | Standard | First-Time Buyer | Second Home |
|---|---|---|---|---|
| Average London flat | £450,000 | £10,000 | £1,250 | £32,500 |
| Zone 2 terraced house | £650,000 | £20,000 | N/A* | £52,500 |
| Zone 1 apartment | £850,000 | £30,000 | N/A* | £72,500 |
| Prime central property | £1,500,000 | £91,250 | N/A* | £166,250 |
| Luxury home | £2,500,000 | £211,250 | N/A* | £336,250 |
*First-time buyer relief not available for properties over £625,000
Detailed Examples
Calculation Breakdown
England & NI (SDLT) • First-Time Buyer
Property Price
£550,000
Up to £425,000
on £425,000
£0
£425,001 to £625,000
on £125,000
£6,250
Total Tax Due
£6,250
Effective rate: 1.14%
Calculation Breakdown
England & NI (SDLT) • Standard Rate
Property Price
£750,000
Up to £250,000
on £250,000
£0
£250,001 to £925,000
on £500,000
£25,000
Total Tax Due
£25,000
Effective rate: 3.33%
London Borough Price Guide
Under £500k (FTB eligible)
- • Barking & Dagenham
- • Bexley
- • Croydon
- • Havering
- • Sutton
£500k-£700k (FTB borderline)
- • Greenwich
- • Lewisham
- • Bromley
- • Hounslow
- • Ealing
Over £700k (No FTB relief)
- • Westminster
- • Kensington & Chelsea
- • Camden
- • Hammersmith & Fulham
- • Richmond
Stamp Duty in London
While London doesn't have different stamp duty rates, the city's high property prices mean buyers typically pay more SDLT than elsewhere in the UK. Understanding how much you'll pay is crucial for budgeting.
The First-Time Buyer Challenge
First-time buyer relief is valuable but has strict limits. With properties capped at £625,000 for any relief, many London first-time buyers find themselves paying full standard rates. In boroughs like Hackney, Islington, and Wandsworth, even modest properties can exceed this threshold.
Budget Accordingly
When budgeting for a London property purchase, factor in stamp duty early. On a £600,000 property, you're looking at around £17,500 in stamp duty (or £8,750 as a first-time buyer). Add solicitor fees, surveys, and moving costs for a realistic total.