Stamp Duty Explained

What Is Stamp Duty Land Tax?

  • SDLT is a tax paid when purchasing a property or land in England. The amount payable depends on the property’s purchase price, with different thresholds applying.

 

What Are the Key Changes to the Stamp Duty Land Tax?

  • In the Autumn Budget, several adjustments to SDLT were announced, effective from 1st April 2025.

 

The table below outlines the April 1st 2025 SDLT rates for main residences:

Proportion of property value

Rate for main residence

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%

                            

First-Time Buyers Threshold

  • First-time buyers’ benefit from a £300,000 threshold, with 5% SDLT on the portion from £300,001 to £500,000. If the price is over £500,000, first-time buyers cannot claim the relief.

 

Changes for Investors/Second Homeowners

  • SDLT surcharge of 5% applies to all additional residential properties bought by an individual, including investment properties, second homes, or holiday properties.

 

Find out more about SLDT on additional properties here , or visit Gov.uk Stamp Duty Calculator.