Stamp duty rates are changing from 1st April 2025Find out how the new rules will affect homebuyers and investors
Who will be affected?The new stamp duty rates apply to all buyers, including first-time buyers, home movers, and investors
Current vs new SDLT ratesThe nil-rate threshold is reducing from £250,000 to £125,000 for all buyers, increasing tax liability
Impact on home moversIf you buy a home for £225,000, you will now pay 2% tax on £100,000, which equals £2,000
Impact on first-time buyersThe nil-rate threshold for first-time buyers drops from £425,000 to £300,000, meaning a £425,000 purchase will now incur £6,250 in tax
Higher costs for second-home buyersThe 5% minimum rate will now start at £125,000 instead of £250,000, increasing costs for investors
Example for second-home buyersAn investor buying a £250,000 property will now pay £17,500 in tax instead of £12,500—a £5,000 increase
What about overseas buyers?Non-UK residents will continue paying a 2% surcharge on top of all SDLT rates
How to calculate your SDLT?Use our free stamp duty calculator to find out exactly how much you need to pay
Need help navigating the changes?Benham & Reeves provides expert advice on buying property under the new tax rules