Short answer
Stamp duty on a £150,000 property in England and Northern Ireland is £500, or £0 for a first-time buyer. A second home or buy-to-let costs £8,000. These figures use the rates in force from 1 April 2025.
1. Stamp duty on £150,000 at a glance
| Buyer | Stamp duty | Effective rate |
|---|---|---|
| Main home (standard rates) | £500 | 0.33% |
| First-time buyer | £0 | 0.00% |
| Second home or buy-to-let (+5%) | £8,000 | 5.33% |
| Non-UK resident, main home (+2%) | £3,500 | 2.33% |
| Non-UK resident, additional property (+7%) | £11,000 | 7.33% |
At £150,000 only the slice above £125,000 is taxed, so this is a low-bill price on the standard schedule.
2. How the £500 is worked out
Stamp duty is marginal: each slice of the price is charged at the rate for its own band, not the whole price at one rate. For £150,000 the standard working is:
| Band | Rate | Taxable slice | Tax |
|---|---|---|---|
| £0 to £125,000 | 0% | £125,000 | £0 |
| £125,000 to £150,000 | 2% | £25,000 | £500 |
The bill is the sum of the Tax column, £500. That is an effective rate of 0.33% of the price.
3. First-time buyer stamp duty on £150,000
A first-time buyer pays £0 (nil up to £300,000, then 5% to £500,000). That saves £500 against the standard rates.
4. Second home or buy-to-let on £150,000
The higher rates add 5% to every band, so the same purchase as an additional residential property costs £8,000, which is £7,500 more than a main home. The surcharge applies when you buy a residential property for £40,000 or more and still own another one at the end of the purchase day. If you are replacing your main home you may be able to reclaim the surcharge: see our guide to stamp duty on a second home or buy-to-let.
| Band | Rate | Taxable slice | Tax |
|---|---|---|---|
| £0 to £125,000 | 5% | £125,000 | £6,250 |
| £125,000 to £150,000 | 7% | £25,000 | £1,750 |
5. What a little more or less would cost
Each extra £10,000 on the price adds about £200 of stamp duty at this level (the marginal rate is 2%). Moving from £150,000 to £175,000 would raise the main-home bill from £500 to £1,000, a difference of £500.
6. Frequently asked questions
How much stamp duty do you pay on £150,000?expand_more
In England and Northern Ireland, the standard SDLT on £150,000 is £500 (an effective rate of 0.33%). A first-time buyer pays £0, and an additional property such as a second home or buy-to-let pays £8,000.
Is stamp duty on £150,000 different for a second home?expand_more
Yes. The higher rates add 5% to every band, so a second home or buy-to-let at this price costs £8,000, which is £7,500 more than a main home.
Do non-UK residents pay more stamp duty on £150,000?expand_more
Yes. A further 2% applies to all residential bands, making the main-home figure £3,500. A non-UK resident buying an additional property pays £11,000.
Does this apply in Scotland or Wales?expand_more
No. Scotland charges LBTT and Wales charges LTT, with different bands and rates. These figures are for England and Northern Ireland only.