Stamp duty on a £275,000 property for first-time buyers, compared
At £275,000, England & Northern Ireland is cheapest at £0 and Wales is priciest at £3,000.
England & Northern Ireland
SDLT on a £275,000 residential property in England & Northern Ireland for a first-time buyer is £0.
| Band | Taxable amount | Rate | Charge |
|---|---|---|---|
| Up to £300,000 | £275,000 | 0% | £0 |
- First-time buyer relief: saved £3,750
- You must file and pay within 14 days of completion.
Scotland
LBTT on a £275,000 residential property in Scotland for a first-time buyer is £2,750.
| Band | Taxable amount | Rate | Charge |
|---|---|---|---|
| Up to £175,000 | £175,000 | 0% | £0 |
| £175,001 – £250,000 | £75,000 | 2% | £1,500 |
| £250,001 – £325,000 | £25,000 | 5% | £1,250 |
- First-time buyer relief: saved £600
- You must file and pay within 30 days of completion.
Wales
LTT on a £275,000 residential property in Wales for a first-time buyer is £3,000.
| Band | Taxable amount | Rate | Charge |
|---|---|---|---|
| Up to £225,000 | £225,000 | 0% | £0 |
| £225,001 – £400,000 | £50,000 | 6% | £3,000 |
- Wales has no first-time-buyer relief; the Welsh Government's stated position is that the high nil-rate band serves the same purpose.
- You must file and pay within 30 days of completion.
Wales costs £3,000 more than England & Northern Ireland here. Wales has a 6% marginal rate above £225,000, while England & Northern Ireland pays nothing here — the price sits entirely within the nil-rate band.
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