Stamp Duty Land Tax (SDLT or Stamp Duty) is a government tax which is paid by a buyer of a property as a lump sum upon completion. It is paid by buyers who are purchasing a property or land over a certain price bracket in the UK.

See below the current Stamp Duty rates and the upcoming rates:

First Time Buyers

Current Stamp Duty rates for first time buyers:

Up to £425,000 - 0%

£425,001 to 625,000 - 5%

New Stamp Duty rates for first time buyers from 1st April 2025:

Up to £300,000 - 0%

£300,001 to £500,000 - 5%

First time buyers purchasing a property at £400,000 currently pay £0 in Stamp Duty. From the 1st of April you will pay £5,000 in Stamp Duty.

Residents Moving Home

Current Stamp Duty rates for residents in the UK:

Up to £250,000 - 0%

£250,001 to £925,000 - 5%

£925,001 to 1.5 million - 10%

Over £1.5 million - 12%

New Stamp Duty rates for residents in the UK from 1st April 2025:

Up to £125,000 - 0%

£125,001 to 250,000 - 2%

£250,001 to 925,000 - 5%

£925,001 to £1.5 million - 10%

Over £1.5 million - 12%

Residents purchasing a property for £400,000 currently pay £7,500 in Stamp Duty. From 1^st April you will pay £10,000 in Stamp Duty.

Additional Property

Current Stamp Duty rates for Additional Properties:

Up to £250,000 - 5%

£250,001 to £925,000 - 10%

£925,001 to £1.5 million- 15%

Over £1.5 million- 17%

New Stamp Duty rates for Additional Properties from 1st April 2025:

Up to £125,000 - 5%

£125,001 to £250,000 - 7%

£250,001 to £925,000 - 10%

£925,001 to £1.5 million - 15%

Over £1.5 million - 17%

Residents who want to purchase an additional property for £400,000 currently pay £27,500 in Stamp Duty from 1st April you will pay £30,000 in Stamp Duty.

To take advantage of the current Stam Duty Rates you will need to have completed on your property purchase by 31^st March 2025.