Stamp Duty is about to change, what does this mean for YOU?

Stamp Duty, SDLT in England is about to change tomorrow, 1st April 2025, meaning more first-time buyers will have to pay SDLT and second home owners and other home movers facing higher SDLT bills. Up to 31st March 2025 no stamp duty would be payable on the portion of the property you were buying up to £250,000, however, from tomorrow, April 1st, 2025, on purchasing properties priced between £125,001 and £250,000 and you will be eligible to pay 2% SDLT.

The property portal Rightmove found that 74,000 buyers are expected to miss the 31st March 2025 deadline at a collective cost of £142m in increased SDLT. Southern England will see the most impact of these changes with first-time buyers in London and the South East being the hardest hit, whereas only 5% of first-time buyers in northern England and the Midlands will be affected; this is due to the lower average of the property prices in these areas.

As an investor if you are buying a second home you will be charged an extra 5% on top of the standard stamp duty rates. The 5% surcharge also applies if you are based overseas, as well as purchasing via a limited company.

Visit our FREE stamp duty calculator to help calculate the SDLT on your next property