How SDLT works at this property price
Stamp Duty Land Tax uses slices of the property price rather than one flat rate. That means
the amount above each threshold is what changes the bill, not the whole purchase price.
All figures on this page assume a property price of £230,000. You can change the
price or buyer type using the calculator above.
Why buyer type still matters
The slug only tracks property price because that is what people usually search. But SDLT can
change sharply between a standard home move, a qualifying first-time purchase, and an
additional property purchase at the same price.
That is why the calculator above keeps buyer type editable and the comparison table shows all
three views side by side.
Thresholds to watch
For many buyers, the most important SDLT thresholds are around £250,000,
£500,000, and £925,000. Crossing one of those points can change both
the tax due and the upfront cash required on completion.
That is why nearby price pages are often useful when negotiating a purchase price or testing
affordability.
Stamp duty in the 2% band: £230,000
At £230,000, the home-mover SDLT bill works out at about £2,100. That comes from the 2% rate on the slice between £125,000 and the purchase price.
First-time buyers in this range pay £0 - the FTB nil-rate threshold of £300,000 fully covers the purchase price.
That gives a qualifying first-time buyer a clean £2,100 saving against a home mover at the same price - one of the cleanest FTB advantages in the SDLT system.
Above £250,000 the rate climbs to 5%, so each £10,000 increase in price beyond that adds £500 to the bill.