22 May 2025
As of 1st April 2025, the Government increased Stamp Duty Land Tax thresholds which will impact those purchasing properties and land in England.
What is Stamp Duty Land Tax?
Stamp Duty Land Tax (SDLT) is a tax payable to HMRC when purchasing a property or land in England or Northern Ireland. The amount of SDLT payable is dependant upon the purchase price of the property and the buyer’s circumstances. For example, is the buyer a first-time buyer, purchasing an additional residence or a non-UK resident.
| Property value | Stamp Duty Land Tax % |
| Up to £125,000 | 0% |
| £125,001 to £250,000 | 2% |
| £250,001 to £925,000 | 5% |
| £925,001 to £1.5 million | 10% |
| Above £1.5 million | 12% |
First-time buyers
he SDLT changes are likely to impact first-time buyers the most. The nil-rate threshold for first-time buyers has decreased from £425,000 to £300,000, and the cap on qualifying properties has been lowered to £500,000. SDLT will be payable at 5% on the portion from £300,001 to £500,000.
If the property is over £500,000 then no relief is allowed and the SDLT will be the same as those who have bought a property before.
Additional property purchases
Buyers purchasing additional properties will continue to pay a 3% surcharge on top of the
standard SDLT rates.
Rates for non-UK residents
If you are a non-UK resident and wish to purchase a property in England or Northern Ireland, you will be liable to pay an additional 2% surcharge on top of the standard SDLT rates. Purchasing a property is known to be one of the most stressful times in a person’s life. Understanding the new stamp duty thresholds, will ensure you do not encounter any financial surprises as the transaction progresses.
At Blaser Mills, we provide our clients with guidance and support to ensure your property transaction is as stress-free as possible.
For any further information or guidance, please contact Shannon Terry, Senior Associate in the Residential Property team on 01494 781368 or email shannon.terry@blasermills.co.uk.