Stamp Duty Changes
Stamp Duty Changes
Changes to Stamp Duty from 1 April 2025
Stamp Duty Land Tax is a tax paid by the buyer of a property and is paid on completion of that purchase. In 2022 the then government announced a temporary change to the rates but these will end on 31 March 2025 which means that the threshold will reduce from £250,000 to £125,000 on 1 April 2025. The threshold for first-time buyers which is currently £425,000 will reduce to £300,000. In addition the maximum purchase price for a First-Time Buyer which is currently £625,000 will return to the previous level of £500,000.
This will mean an increase in the SDLT payable for most of the transactions that take place after 31 March 2025.
From 1st April 2025, the stamp duty rates in England will be:
| 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% |
Additional Properties in England – from 1st April 2025, the stamp duty rates will be:
| Proportion of property value | Rate for main residence |
| 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% |
