21 November 2024
When you buy a property the change in land ownership has to be legally registered at the Land Registry. This process requires a certificate from the HMRC – which they will only issue on receipt of the stamp duty due on the purchase of the property.
If you purchase before 31st March 2025: For homes over £250,000 there is no stamp duty to pay on the first £250,000, then the following rates apply:
Purchase Price | Stamp Duty % |
£0 to £250,000 | 0% (Zero) |
£250,001 to £925,000 | 5% |
£925,001 to £1,500,000 | 10% |
Over £1,500,000 | 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% |
If you purchase before 31st March 2025: If you're a first time buyer, purchasing a home up to £625,000, the following rates apply:
Purchase Price | Stamp Duty % |
£0 to £425,000 | 0% (Zero) |
£425,001 to £625,000 | 5% |
Note: For properties priced over £625,000, no additional first time buyer relief is available.
If you purchase from 1st April 2025: The threshold for no stamp duty will be lowered and the maximum cap will also be lowered. This means, if you're a first time buyer, purchasing a home up to £500,000, the following rates will apply:
Purchase Price | Stamp Duty % |
£0 to £300,000 | 0% (Zero) |
£300,001 to £500,000 | 5% |
Note: For properties priced over £500,000, no additional first time buyer relief will be available.
If you purchase before 31st March 2025: If you are buying an investment property or an additional home, the following rates apply:
Purchase Price | Stamp Duty % |
£0 to £250,000 | 5% |
£250,001 to £925,000 | 10% |
£925,001 to £1,500,000 | 15% |
Over £1,500,000 | 17% |
If you purchase from 1 April 2025: If you are buying an investment property or an additional home, the following rates will apply:
Purchase Price | Stamp Duty % |
£0 to £125,000 | 5% |
£125,001 to £250,000 | 7% |
£250,001 to £925,000 | 10% |
£925,001 to £1,500,000 | 15% |
Over £1,500,000 | 17% |
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