Stamp Duty for First Time Buyers


    Stamp Duty for first time buyers

    Stamp duty has now been abolished for most first time buyers in England and Northern Ireland.

    A permanent change to the initial stamp duty threshold for first time buyers means that anyone buying their first home won't be liable for stamp duty if the purchase price is below £300,000.

    Further relief is available for purchases up to £500,000 to help first time buyers in more expensive locations such as London.

    Impact of the changes

    The Government predict that the stamp duty changes will help up to 95% of first time buyers in England and Northern Ireland and up to 80% in London.

    The new relief has been introduced with immediate effect and applies to anyone purchasing their first home from November 22nd 2017.

    How does it work?

    First time buyers will need to declare that they have never owned a property either in the UK or abroad. A special first time buyer code will need to be submitted with the stamp duty return once a home is purchased.

    Full Stamp Duty relief is available up to £300,000, with reduced liability up to £500,000. Any purchases above £500,000 will attract the normal stamp duty rates on the whole purchase price.

    Joint purchasers

    If a property is being purchased by more than one individual then all parties will need to be first time buyers to qualify for the relief.

    Wales and Scotland

    The Scottish Governement plan to introdude first time buyer relief from June 2018. The initial LBTT rate for first time buyers will increase to £175k and purchases above £175k will also benefit from the relief on the portion below this threshold.

    In Wales stamp duty has been replaced by Land Transaction Tax (LTT). First time buyer relief is not currently available under the new LTT system but the higher zero tax threshold of £180k should capture most first time purchases.

    First time buyers calculator

    The stamp duty calculators below compare the level of tax before and after stamp duty relief was announced in the 2017 Autumn Budget. The calculations shown appy to freehold residential property purchased in England and Northern Ireland.

    Before Budget


    Purchase Price

    (Enter numbers only)

    Calculate


    Show Full Calculation

    After Budget


    Purchase Price

    (Enter numbers only)

    Calculate


    Show Full Calculation

stamp duty calculator

SDLT Calculator

Stamp duty calculations now with the new UK stamp duty thresholds. Calculate your SDLT liability in just one click!

stamp duty rates

Stamp Duty Rates

UK stamp duty rates showing new and old SDLT thresholds. Lookup stamp duty rates in seconds.

stamp duty wales

Welsh Stamp Duty

Following changes by the Welsh Government, Land Transaction Tax (LTT) has now replaced Stamp Duty in Wales.

stamp duty scotland

Scottish Stamp Duty

Following changes in 2015 Stamp Duty in Scotland is now called Land and Buildings Transaction Tax (LBTT).