Find your new home
Find your new home
Where would you like to live?

Find your new home

How many bedrooms would you like?

  • One bedroom
  • Two bedroom
  • Three bedroom
  • Four bedroom
  • 5+ bedrooms

What property style are you looking for?

  • Detached
  • Semi-Detached
  • Terraced
  • Apartments
  • Bungalow
  • Town House

Distance

40 miles
0 miles
100 miles

Learn about Stamp Duty

Discover all you need to know about Stamp Duty and how much you may need to pay when purchasing your new home.

What is Stamp Duty?

Stamp Duty Land Tax, often referred to as SDLT or Stamp Duty, is a tax due on all property purchases, new or pre-owned, in England. If you are buying a residential property, there are different rates of SDLT if you are a first time buyer, are buying an additional property or are not a UK resident.

The threshold is where SDLT starts to apply. The current SDLT threshold for residential properties is £125,000. If you buy a property for less than the threshold, there's no SDLT to pay. 

Tax rates differ between England and Wales. You must pay Land Transaction Tax (LTT) if you buy a property or land over a certain price threshold in Wales. The threshold is where the tax starts to apply. The current LTT threshold is £180,000 for residential properties (if you do not own another property). 

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How do you pay Stamp Duty?

Your solicitor or conveyancer is normally the person who calculates and pays your Stamp Duty on your behalf, however you can pay HMRC directly if you so choose. All Stamp Duty must be paid within a maximum of 14 days after completion.

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How much will I have to pay?

Property or lease premium or transfer value SDLT rate
Property Price
Stamp Duty Land Tax
Up to £125,000
0
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%

Rates on your first home

First-time buyers do not pay Stamp Duty on the first £300,000 of their home. Therefore, if you buy your first home for less than this, you will not pay any Stamp Duty.

If you buy your home for between £300,001 and £500,000, you’ll only pay 5% on that portion of the purchase price. The standard Stamp Duty rates apply to properties valued over £500,000.
stamp-duty

Home mover rates

When you buy a property you're planning to live in (and you've owned a property before), you'll pay Stamp Duty on each portion of the property price.

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Rates on a second home

Don't forget if you’re purchasing a second home or have the intention of renting your newly-purchased property out, then higher rates of Stamp Duty are typically imposed. This usually means that an extra rate of 3% is added to the standard Stamp Duty tax bands.

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Work out the cost of Stamp Duty

FIRST TIME BUYER
Required Stamp Duty £0

Ways to help you move

Discover how easy and affordable moving into a new Redrow home can be when you use our range of incentives that are designed to help you move.

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