Stamp Duty
The amount of stamp duty tax you’ll need to pay depends on a wide range of factors, including how much you pay for the property, the location of the property, whether you have a UK passport, when you buy and whether you’re a first-time buyer. It also depends on whether you’re buying a main home, a holiday home or an investment property. Use this useful stamp duty calculator to work out how much you will pay.
The Stamp Duty Land Tax (SDLT) is a charge placed on residential property purchases in England, Wales and Northern Ireland.
In September 2022 the government announced a temporary change to stamp duty, relaxing the rates with the aim of supporting the housing market. These temporary changes will come to and end on 31st March 2025.
From the 1st April 2025, there are a number of changes to the way stamp duty is calculated:
- The nil rate threshold will return to £125,000 (previously £250,000)
- The nil rate threshold for first time buyers will return to £300,000 (previously £425,000)
- The maximum purchase price for First Time Buyers Relief that can be claimed will return to £500,000 (previously £625,000)
Stamp Duty charges up to 31st March 2025
| Property Price | Residential Rates | 2nd Home Rates |
|---|---|---|
| Up to £250,000 | 0% | 5% |
| £250,001 - £925,000 | 5% | 10% |
| £925,001 - £1.5m | 10% | 15% |
| £1.5m+ | 12% | 17% |
Stamp Duty Charges from April 1, 2025
| Property Price | Residential Rates | 2nd Home Rates |
|---|---|---|
| £0 - £125,000 | 0% | 5% |
| £125,000 - £250,000 | 2% | 7% |
| £250,000 - £925,000 | 5% | 10% |
| £925,000 - £1.5m | 10% | 15% |
| £1.5m+ | 12% | 17% |
For more information on SDLT we would recommend you speak to your solicitor or a tax advisor. Please note information correct as of March 2025.
