How much tax will you have to pay when buying a property in the UK?

I am a first-time buyer
Property is a buy to let or second home

Based on a property / land value of , there will be Stamp Duty due.

View properties for sale around

Band Rate Due
Up to £125,000 0% £0
Above £125,000 to £250,000 2%
Above £250,000 to £925,000 5%
Above £925,000 to £1,500,000 10%
Above £1,500,000 12%
Total {{model.effective}}% Stamp Duty due
Band Rate Due
Up to £300,000 0%
Above £300,000.01 to £500,000 5%
Total {{model.effective}}% Stamp Duty due

*Properties under £40,000 are not subject to second home SDLT

*Updated Dec 1st 2017

If you're a first-time buyer and not buying a property worth more than £500,000 then you will not have to pay a penny in stamp duty on the first £300,000 and then just 5% of any proportion above £300,000 but below £500,000.

The following is a breakdown:

Purchase price Rate on first property
Up to £300,000 0%
£300,000.01 – £500,000 5%