Stamp Duty payments differ based on factors such as residency status and buying purpose. So, for example, a first-time buyer will pay SDLT at a different rate to someone purchasing a second property.
Here is a summary of the changes effective on April 1, 2025:
Zero rate thresholds for main residences will drop from £250,000 to £125,000, with first-time homebuyer thresholds dropping from £425,000 to £300,000.
First-Time Buyers Relief (lower stamp duty rate) will drop from £625,000 to £500,000.
Those buying additional properties will pay 7% stamp duty for property values from £125,001 to £250,000, up from 5%.
