2025 Stamp Duty Changes

Stamp Duty Land Tax rates are changing from 1st April 2025 and will impact first-time buyers and home movers.

What is stamp duty?

Stamp duty, or Stamp Duty Land Tax (SDLT), is a government tax which is paid by the 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.

What is changing?

From 1st April 2025, there will be several changes coming into effect:

The nil rate threshold which is currently £250,000 will return to the previous level of £125,000.
The nil rate threshold for first-time buyers which is currently £425,000 will return to the previous level of £300,000.
The maximum purchase price for which First-Time Buyers Relief (a reduced stamp duty rate) can be claimed is currently £625,000 and will return to the previous level of £500,000.

How will this affect first-time buyers?

Currently, first-time buyers pay no stamp duty when buying a home worth £425,000. This threshold will drop to £300,000, meaning they will go from paying nothing to paying £6,250 on stamp duty.

How will this affect second-home purchases?

There will be an extra band added into the stamp duty thresholds for additional property purchases, reflective of the general stamp duty changes.

Changes

First-time buyer stamp duty changes

Current first-time buyer stamp duty rates:

Proportion of property value	Rate for first-time buyers
Up to £425,000	0%
£425,001 to £625,000	5%

First-time buyer stamp duty rates from 1st April 2025:

Proportion of property value	Rate for first-time buyers
Up to £300,000	0%
£300,001 to £500,000	5%

Second-home purchases stamp duty changes

Current stamp duty rates for second-home purchases:

Proportion of property value	Rate for additional property
Up to £250,000	5%
£250,001 to £925,000	10%
£925,001 to £1.5 million	15%
Over £1.5 million	17%

Stamp duty rates for second-home purchases from 1st April 2025:

Proportion of property value	Rates for additional property
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%

Want to learn more about how these changes will affect you?

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Information is taken from GOV.UK and My Home Move Conveyancing.

2025 Stamp Duty Changes

Changes

First-time buyer stamp duty changes

Second-home purchases stamp duty changes

Want to learn more about how these changes will affect you?

I'm interested

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