Stamp Duty is changing on the 1st April 2025
Stamp Duty Land Tax (SDLT or Stamp Duty) rates are changing from 1st April 2025, when the temporary increases to the thresholds that were put in place in September 2022, are due to come to an end. The following changes will come into effect:
The nil rate threshold which is currently £250,000 will return to the previous level of £125,000.
The nil rate threshold for first-time buyers which is currently £425,000 will return to the previous level of £300,000.
The maximum purchase price for which First-Time Buyers Relief can be claimed is currently £625,000 and will return to the previous level of £500,000.
As of 1st April 2025, there will also be an extra band added into the stamp duty thresholds for additional property purchases, reflective of the general stamp duty changes.
Current stamp duty rates for additional properties in England.
Stamp duty rates for additional properties in England from 1st April 2025.
If you need to check on your stamp duty liability, you can use the free SDLT calculator via the gov.uk website: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#!/intro.
This article is for general information and does not constitute personal financial advice. If you’re unsure what’s best for you, seek independent financial advice.
