Stamp Duty on a £1,500,000 House
A £1,500,000 property attracts £93,750 in stamp duty. At this price level, the 10% band applies to £575,000 of the purchase price (£925,001–£1,500,000). A professionally prepared chattels schedule on a property of this scale can realistically save £5,000–£10,000 in stamp duty — one of the highest-return legal optimisations available on a luxury purchase.
Calculate Your Exact Bill
Pre-filled with £1,500,000. Adjust for your situation and see a full band-by-band breakdown.
If your purchase included moveable items — carpets, curtains, freestanding appliances, garden furniture — their value should have been deducted from the SDLT calculation. Most solicitors skip this step. HMRC allows refund claims for up to four years after completion.
Check if you qualify →Frequently Asked Questions
How much stamp duty do I pay on a £1,500,000 house?
Buyers pay £93,750: 0% on the first £125,000 (£0), 2% on the next £125,000 (£2,500), 5% on £675,000 (£33,750), and 10% on £575,000 from £925,001 to £1,500,000 (£57,500).
What is the stamp duty on a £1.5 million second home?
A second home or buy-to-let at £1,500,000 attracts £138,750 — the 3% surcharge applies across all bands.
Does the 12% rate apply at £1,500,000?
No. The 12% band begins above £1,500,000. At exactly £1,500,000 the highest band that applies is 10%.
How much could a chattels deduction save on a £1.5 million property?
At the 10% marginal rate, every £10,000 of verified chattels deducted from the purchase price saves £1,000 in stamp duty. A well-documented schedule of £60,000–£80,000 of moveables is realistic on a property of this size.
Think you overpaid?
Check your eligibility in 2 minutes. HMRC allows refund claims for up to four years after completion.
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