Read the Latest on Stamp Duty Changes 2022

Changes to the house price threshold at which stamp duty land tax (SDLT) becomes payable mean most homebuyers, particularly first-time buyers, will benefit.

The changes, which are effective immediately, see the threshold at which stamp duty becomes payable rise from £125k to £250k. This means stamp duty is not payable on the first £250k of a house purchase*. In the case of first-time buyers, this threshold is even greater, with the first £425k of any house purchase being free from stamp duty tax.

The new thresholds are:

• 0%: £0 - £250,000 (or £0 - £425,000 for first time buyers**)
• 5%: £250,001 - £925,000
• 10%: £925,001 - £1,500,000
• 12%: £1,500,001 and over

To put this into context, existing homeowners buying a property of £550,000 will now pay £2,500 less in stamp duty, and a first-time buyer purchasing a property of the same value will now pay £6,250 less in stamp duty. View the new homes we have for sale here.

* The rules for second home ownership differ. Calculate stamp duty based on your specific circumstances here.

** The first time buyer discount is only applicable on properties up to a value of £625,000 (this has been increased from £500,000). A purchase of a property valued over this threshold would fall under the same thresholds that an existing homeowner would pay.