FAQs on Stamp Duty Tax
As a first time buyer, do I need to pay Stamp Duty?
First-time buyers currently do not pay Stamp Duty on the first £425,000 of their home. First time buyers’ relief is available on properties up to £625,000.
What if I'm a non-UK resident, what does that mean for me?
As of the 1st April 2021, SDLT rates will be 2% higher for those purchasers of a residential property in England who are not UK residents.
How much is buy-to-let Stamp Duty?
Known as the Additional Stamp Duty Rate in England, it is a minimum 3% extra charge on top of the usual Stamp Duty bill.
How much is new build Stamp Duty?
It’s the same rate as any other home.
Are there any Stamp Duty Exemptions?
Yes, if you are a first time buyer, you do not pay Stamp Duty on the first £425,000 of your home. First time buyers’ relief is available on properties up to £625,000.