Stamp Duty thresholds up to March 31st 2025, for a single property

From 23rd Sept 2022 the £125,000 Stamp Duty threshold doubled to £250,000. Meaning buyers no longer pay stamp duty tax on the first £250,000 of a property purchase.

The threshold for first-time buyers is £425,000 - (raised from £300,000 Nov 22).

Stamp Duty relief is available for first-time buyers for homes priced up to £625,000 - (raised from £500,000 Nov 22).

These changes to Stamp Duty will reduce costs for all movers by up to £2,500. First-Time Buyers therefore can access savings of up to £11,250 until end of March 2025.

Rates for a single property up to March 31st 2025, for a single property

You pay stamp duty at these rates if, after buying the property, it is the only residential property you own. You usually pay 3% on top of these rates if you own another residential property.

This applies only in England and Northern Ireland.

Stamp Duty thresholds after March 31st 2025, for a single property

First-time buyers will be exempt from stamp duty up to £300,000 as long as the total property price is no more than £500,000. You are likely to pay more if this is not your only property.

For more information, please speak to your financial advisor.