From 1st April 2025, Stamp Duty Land Tax (SDLT) rates will be changing, as the temporary threshold increases introduced in September 2022 comes to an end. This change will affect anyone planning to move, but first-time buyers will be particularly impacted.
Rates for a single property
You pay SDLT at these rates if, after buying the property, it is the only residential property you own. You usually pay 5% on top of these rates if you own another residential property.
Rates up to 31 March 2025
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £250,000 | Zero |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
Example
In October 2024 you buy a house for £275,000. The SDLT you owe will be calculated as follows:
- 0% on the first £250,000 = £0
- 5% on the final £25,000 = £1,250
- total SDLT = £1,250
Rates from 1 April 2025
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £125,000 | Zero |
| The next £125,000 (the portion from £125,001 to £250,000) | 2% |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
Example
In April 2025 you buy a house for £275,000. The SDLT you owe will be calculated as follows:
- 0% on the first £125,000 = £0
- 2% on the second £125,000 = £2,500
- 5% on the final £25,000 = £1,250
- total SDLT = £3,750
First time buyer, additional properties, not a UK resident and special rates
Please read more on the government website: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates
