Stamp Duty Changes

Posted: 27th March 2025
by Richard Swinbank

With Stamp Duty Land Tax increasing from Tuesday 1st April 2025, Richard Swinbank, our Director and Head of Residential Conveyancing, shares his thoughts on the changes.

How your purchase may be effected

The change in the rules surrounding stamp duty could affect anyone purchasing a property, from first-time buyers to those who are expanding their property portfolio. Our team are continuing to work extremely hard to complete our transactions, as many of those clients will save up to £2500 in stamp duty taxes, if we are able to complete their transaction on or before the 31st March 2025.

From the 1st April 2025, the zero percent threshold will drop back to its previous level of £125,000 before stamp duty is paid, and the first time buyers’ threshold will revert back to £300,000.

So, if you are selling and moving to a new purchase property, the following rates will apply from the 1st April 2025:

• £0 – £125,000 (up to £300,000 for first-time buyers) = 0%
• £125,001 – £250,000 = 2%
• £250,001 – £925,000 = 5%
• £925,001 – £1.5m = 10%
• £1.5m+ = 12%

Purchasing a property

If you are purchasing additional property and not disposing of your main residence, additional rates of stamp duty will apply. There are various stamp calculators online for you to check calculations and HMRC have this one which is easy to use: Stamp Duty Land Tax Calculator

It is strongly recommended you calculate your stamp duty prior to putting an offer in, so you avoid any nasty surprises upon completion!

We expect the market after Tuesday 1st April to remain buoyant given interest rates are stabilising and as we enter the Spring, historically more people will tend to look at moving home.