Stamp Duty Calculator – Rates from 1 April 2025
To estimate Stamp Duty Land Tax (SDLT) rates please use our calculator below.
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 |
How is Stamp Duty changing for First-Time Buyers in 2025?
The government reduced the nil rate threshold for first-time buyers on 1st April 2025, making it more expensive to purchase properties valued over £300,000. If you’re a first-time buyer, the latest Stamp Duty Land Tax (SDLT) rates could impact your ability to get on the property ladder.
Our First-Time Buyer Stamp Duty Calculator above can help you budget and plan your finances effectively.
Summary of 2025 Stamp Duty Changes for First-Time Buyers
- The nil rate threshold for first-time buyers decreased from £425,000 to £300,000.
- First-time buyers’ relief will only apply to properties valued up to £500,000, down from £625,000.
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Frequently Asked Questions
What is the latest stamp duty threshold for first-time buyers?
The nil rate threshold dropped to £300,000, with relief only applying to properties valued up to £500,000.
How do the stamp duty changes affect first-time buyers?
First-time buyers purchasing properties valued over £300,000 now pay more tax than in previous years. For example, a £400,000 property that wouldn’t have met the threshold for paying any stamp duty before now incurs £5,000 in SDLT.
Will I save money on stamp duty with the latest rules?
Unfortunately no, most first-time buyers purchasing homes valued above £300,000 will pay more under the new rules.
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 first-time buyer relief?
First-time buyers pay no tax on the first £300,000 of their property’s value and 5% on the portion between £300,001 and £500,000. After that, they will need to pay standard residential property rates.
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 latest rates. Use our Fox Davidson calculators today to get an accurate breakdown of your stamp duty costs and budget for your property purchase.
For purchases and remortgages, Fox Davidson can secure a rate for you now. We can then review rates for you before completion & if they have dropped we will request the lender moves you to the lower rate. Make an Enquiry or call us on 0117 989 7950
