Stamp Duty Calculator – Rates from 1 April 2025
Stamp Duty Land Tax (SDLT) rates are changing from 1st April 2025. Please use our calculator below to find out how much the new rates will cost you.
To calculate rates up to 31 March 2025, please use our previous First-Time Buyer Stamp Duty Land Tax Calculator
How is Stamp Duty changing for First-Time Buyers in 2025?
If you’re a first-time buyer, the upcoming changes to Stamp Duty Land Tax (SDLT) could impact your ability to get on the property ladder. From 1st April 2025, the government is reducing the nil rate threshold for first-time buyers, making it more expensive to purchase properties valued over £300,000.
With these changes in mind, it’s important to budget carefully. Our First-Time Buyer Stamp Duty Calculator can help you estimate the costs and plan your finances effectively.
Summary of 2025 Stamp Duty Changes for First-Time Buyers
- The nil rate threshold for first-time buyers will decrease from £425,000 to £300,000.
- First-time buyers’ relief will only apply to properties valued up to £500,000, down from the current £625,000.
First-Time Buyer Stamp Duty Land Tax (SDLT) Thresholds
(Effective: From 1st April 2025)
Stamp Duty Land Tax (SDLT) must be paid if you buy a property in England or Northern Ireland that exceeds a certain threshold. The Stamp Duty Land Tax payable for first-time buyers is calculated differently, the rates of which are detailed below, along with our example table.
If you are looking to move home, are not a first time buyer, or the value of your property is more than £625,000, you will need to use our Residential Property Stamp Duty Calculator. Or if you are have more than one residential property then you will need to use our Stamp Duty Calculator For More Than One Residential Property.
First-Time Buyers Stamp Duty Land Tax Property Value Bands and Rates
| Property or Lease Premium or Transfer Value | SDLT rate | |
| Up to £300,000 | 0% | |
| The next £200,000 (the portion from £300,001 to £500,000) | 5% | |
| (If the purchase price of your property is in excess of £500,000 | ||
| the first time buyer exemption doesn’t apply). |
| Example Property or Lease Premium or Transfer Value | SDLT Amount |
| £300,000 (up to) | £0 |
| £350,000 | £2,500 |
| £400,000 | £5,000 |
| £450,000 | £7,500 |
| £500,000 | £10,000 |
Frequently Asked Questions
What will change about stamp duty for first-time buyers in 2025?
From April 2025, the nil rate threshold will drop to £300,000, and relief will apply only to properties valued up to £500,000.
When do the updated stamp duty rules take effect?
The new rules will come into force on 1st April 2025.
How does the 2025 stamp duty change affect first-time buyers?
First-time buyers purchasing properties valued over £300,000 will pay more tax. For example, a £400,000 property will incur £5,000 in stamp duty under the new rules.
What is the new stamp duty threshold for first-time buyers?
The nil rate threshold will drop to £300,000, and relief will no longer apply to properties over £500,000.
Will I save money on stamp duty with the new rules?
Most first-time buyers purchasing homes valued above £300,000 will pay more under the new rules.
Will I pay stamp duty if I buy before 1st April 2025?
No, first-time buyers currently pay no stamp duty on properties up to £425,000. Use our current first-time buyer stamp duty calculator to see the rates.
What if I buy a second home as a first-time buyer?
First-time buyer relief only applies to your first property purchase. Second homes are taxed at higher rates.
What is the relief for first-time buyers under the new rules?
From 2025, first-time buyers will pay no tax on the first £300,000 of their property’s value and 5% on the portion between £300,001 and £500,000.
Where can I check my stamp duty cost?
Use our First-Time Buyer Stamp Duty Calculator above to get a personalised estimate based on the updated 2025 rates.
Use our Fox Davidson calculators today to get an accurate breakdown of your stamp duty costs and plan your property purchase with the 2025 changes in mind.
