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Find your new home
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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 SDLT threshold for residential properties is £250,000. 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 LTT threshold is at £225,000 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?

Rates up to 31 March 2025

Property or lease premium or transfer value SDLT (Stamp Duty Land Tax) rate.

Property Price
Stamp Duty Land Tax
Up to £250,000
0
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 from 1 April 2025

Property or lease premium or transfer value SDLT (Stamp Duty Land Tax) rate.

Property Price
Stamp Duty Land Tax
Up to £250,000
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%

Work out the cost of Stamp Duty

Use our Stamp Duty calculator below by simply adding the price of your property to find out how much you will need to pay. If you’re a first time buyer, don’t forget to use the toggle below

FIRST TIME BUYER
Required Stamp Duty £0

Readymade to move into before thresholds change

If you're looking to move home before Stamp Duty threshold rates change, then you're in luck. We've got a large selection of homes which are Readymade for you to move into now meaning you'll be able to complete on your purchase before the changes kick in on the 1st March 2025.

Redrow - Stamp Duty - Readymade

Rates on your first home

First-time buyers do not pay Stamp Duty on the first £425,000 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 £425,001 and £625,000, you’ll only pay 5% on that portion of the purchase price. The standard Stamp Duty rates apply to properties valued over £625,000.

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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.

redrow-stamp-duty-home-mover-rates

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 5% is added to the standard Stamp Duty tax bands.

Redrow |Stamp Duty | Living room with stone fireplace

FAQs on Stamp Duty Tax

As a first time buyer, do I need to pay Stamp Duty?

First-time buyers currently do not pay Stamp Duty on the first £425,000 of their home. First time buyers’ relief is available on properties up to £625,000.

What if I'm a non-UK resident, what does that mean for me?

As of the 1st April 2021, SDLT rates will be 2% higher for those purchasers of a residential property in England who are not UK residents.

How much is buy-to-let Stamp Duty?

Known as the Additional Stamp Duty Rate in England, it is a minimum 3% extra charge on top of the usual Stamp Duty bill.

How much is new build Stamp Duty?

It’s the same rate as any other home.

Are there any Stamp Duty Exemptions?

Yes, if you are a first time buyer, you do not pay Stamp Duty on the first £425,000 of your home. First time buyers’ relief is available on properties up to £625,000.

Home buyer guides

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Step One

Finding your new home

All of our homes are in sought after locations and with such a wide range of options you can find the Redrow home that is perfect for you.
Finding your new home
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Step Two

The buying process

Our Sales Team can put you in touch with recommended specialists to assist you throughout the house buying process.
The Buying Process
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Step Three

From exchange to completion

Our team will keep you up to date every step of the way and will ensure you receive all the information and support you need.
From Exchange to Completion
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Step Four

Your guide to moving

Our guide to moving house covers a checklist of everything that you need to do from before the move, until after you have moved in.
Your Guide to Moving