When buying a new property there are lots of things to understand and arrange, and one of these is Stamp Duty. We’ve put together a Stamp Duty Guide to give you some more information on what you can expect to pay depending on the property price, the property location and your ownership history.
What is Stamp Duty?
What is commonly referred to as Stamp Duty (SDLT) is the tax charged by the Government which you pay on completion of a new home. Stamp Duty in Wales is referred to as Land Transaction Tax (LTT).
What discounts or reliefs are there?
Stamp Duty thresholds are changing – if you move by 31st March 2025, you could save thousands on your new home.
Currently, there is no Stamp Duty to pay on the first £250,000 and for first-time buyers there is no Stamp Duty to pay up to £425,000.
How much is Stamp Duty?
The percentage of Stamp Duty will be applied to the proportion of the property price within each tax band.
If you are buying a second home or for investment, there is an additional 5% charge on each bracket.
Stamp Duty payable on properties in England (on Completions by 31st March 2025):
For the latest advice for England and Northern Ireland you can visit the UK Government website.
| Purchase Price | Stamp Duty % |
| Up to £250,000 | 0% |
| £250,001 – £925,000 | 5% |
| £925,001 – £1.5million | 10% |
| Over £1.5million | 12% |
If you purchase from 1st April 2025: The threshold for no stamp duty will be lowered. This means for homes over £125,000 there will be no stamp duty to pay on the first £125,000, then the following rates will apply:
| Purchase Price | Stamp Duty % |
| £0 to £125,000 | 0% (Zero) |
| £125,001 to £250,000 | 2% |
| £250,001 to £925,000 | 5% |
| £925,001 to £1,500,000 | 10% |
| Over £1,500,000 | 12% |
Stamp Duty payable on properties in England, if you are a first-time buyer (on Completions by 31st March 2025):
| Purchase Price | Stamp Duty % |
| £0 – £425,000 | 0% (Zero) |
| £425,001 – £625,000 | 5% |
There is no additional first time buyer relief on properties over £625,000
If you’re a first time buyer and you purchase from 1st April 2025, the following rates will apply:
| Purchase Price | Stamp Duty % |
| £0 to £300,000 | 0% (Zero) |
| £300,001 to £500,000 | 5% |
There is no additional first time buyer relief on properties over £500,000
Land Transaction Tax (LTT) payable on properties in Wales:
For the latest advice for Wales you can visit the Welsh Government website.
