Stamp Duty is a land tax payable if you purchase a property over a certain price in England.
There are different thresholds that impact the point at which stamp duty is needing be paid, which is detailed below:
There are varying rates of stamp duty payable dependent on whether the property is being purchased as a ‘second home’ (where the buyer already owns another property that they aren’t selling) or if the purchaser is not a UK resident.
Below you will find tables detailing the different levels of stamp duty payable dependent on your buying position and purchase price:
| Purchase Price | Main Residence | Second Home/Additional Property |
| Up to £250,000 | 0% | 5% |
| £250,000+ – £925,000 | 5% | 10% |
| £925,000+ – £1,500,000 | 10% | 15% |
| £1,500,000+ | 12% | 17% |
| Purchase Price | First Time Buyer |
| Up to £425,000 | 0% |
| £425,000+ – £625,000 | 5% |
If the price is over £625,000, you cannot claim the relief. Follow the rules for people who’ve bought a home before.
From 1st April 2025 there will be changes to the Stamp Duty payable for any property sale completions, which the changes visible below:
| Purchase Price | Main Residence | Second Home/Additional Property |
| Up to £125,000 | 0% | 5% |
| £125,000+ – £250,000 | 2% | 7% |
| £250,000+ – £925,000 | 5% | 10% |
| £925,000+ – £1,500,000 | 10% | 15% |
| £1,500,000+ | 12% | 17% |
| Purchase Price | First Time Buyer |
| Up to £300,000 | 0% |
| £300,000+ – £500,000 | 5% |
If the price is over £500,000, you cannot claim the relief. Follow the rules for people who’ve bought a home before.
For assistance with calculating your Stamp Duty payable, please use the below calculator:
https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro
Your solicitor should be able to assist with advising on the stamp duty payable, as well as the payment of this, which will need to be made within fourteen days of the completion of your purchase, otherwise you may be charged and interest may be accrued.
For further information regarding Stamp Duty please visit the below site:
https://www.gov.uk/stamp-duty-land-tax/residential-property-rates
