Stamp Duty thresholds set to change from 1st April 2025
Stamp Duty is a tax you pay when you buy a property, the amount you pay will depend on the price of your new home and whether it’s your first home, second home or a buy to let investment. It’s important to take Stamp Duty costs into account when working out of your budget to move.
Here's everything you need to know about the new thresholds coming into place and what it could mean for you.
- First time buyers currently pay no Stamp Duty on the first £425,000, but this will drop to £300,000.
- Up to £250,000: No stamp duty for everyone.
- £250,001 to £925,000: 5% of the amount above £250,000. This means home buyers could face an extra £2,500 in Stamp Duty.
How to Beat the Stamp Duty Rise
While the increase might feel daunting, it doesn’t have to change your plans. Reserve your home before the Stamp Duty rise, and we’ll cover your payment.
If your chosen home is still under construction and won’t be ready before the increase, we’ll also take care of the additional cost.
Whether you're purchasing your first, second, or forever home, our team of experienced Sales Executives are here to help you find your dream home, offering expert advice and guidance along the way.
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