On the 31st March 2025 the 0% SDLT threshold for first time buyers purchasing their main residence will reduce from £425,000 to £300,000.
On the same date the temporary SDLT threshold increase on a purchase by all buyers of their main residence will end and the rates will drop back to:
| Proportion of property value | Rate |
| Up to £125,000 | 0% |
| £125,001 to £250,000 | 2% |
| £250,001 to £925,000 | 5% |
| £925,001 to £1.5 million | 10% |
The purchase of second properties will still attract the enhanced rate of 5% (on the value above £40,000) on top of the rates above.
You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland.
You pay the tax when you:
SDLT starts to apply when you buy property that costs:
Find out more about previous SDLT thresholds and rates for residential properties.
SDLT starts to apply when you buy property that costs:
How much you pay depends on:
For example, if you’re buying a residential property there are different rates of SDLT if:
