Stamp Duty is a tax you might have to pay if you buy a residential property or a piece of land in England and Northern Ireland. If you’re buying your main property after 1st April 2025, and have previously owned a property, you will not have to pay Stamp Duty on properties costing up to £125,000 (or £300,000 if you are a first-time buyer)

Properties costing more than £125,000 will pay the Stamp Duty rate based on the value of the property over £125,000. If you’re buying a second home, you’ll still pay Stamp Duty on your property, which will be an extra 5% of the standard rates.

This tax applies to both freehold and leasehold properties – whether you’re buying outright or with a mortgage. If you’re buying a property in Scotland, you will pay Land and Buildings Transaction Tax (LBTT) and in Wales Land Transaction Tax (LTT) instead of Stamp Duty.

*Stamp Duty Calculator