Stamp Duty
everything you need to know
Stamp Duty
everything you
need to know
Stamp Duty Land Tax (SDLT) is a government tax payable when purchasing a property above certain price thresholds in England and Northern Ireland.
The amount you pay varies depending on the value of the property and whether you are a first-time buyer, purchasing a second home, or buying to let.
In September 2022, Stamp Duty rates were temporarily reduced as part of the Government’s mini-budget, offering buyers a tax break to ease the cost of moving. This means that until March 31, 2025, buyers benefit from higher tax-free thresholds. However, with these rates set to return to previous levels after this date, now is the time to act if you’re looking to save on your new home.
Stamp Duty thresholds
Here’s a comparison of the current Stamp Duty thresholds with those that will come into effect in April 2025:
Stamp Duty thresholds
(Until March 31, 2025)
| Property Value | Rate (%) |
| Up to £250,000 | 0% |
| £250,001 to £925,000 | 5% |
| £925,001 to £1.5 million | 10% |
| Over £1.5 million | 12% |
Stamp Duty thresholds
(From April 1, 2025)
| Property Value | Rate (%) |
| Up to £125,000 | 0% |
| £125,001 to £250,000 | 2% |
| £250,001 to £925,000 | 5% |
| £925,001 to £1.5 million | 10% |
| Over £1.5 million | 12% |
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Applicable in England and Northern Ireland only. Excludes those purchasing their second home or
The current rates mean that if you purchase a property under £250,000 (or £425,000 for first-time buyers), you won’t have to pay any Stamp Duty. These rates will remain in place until March 31, 2025, so there’s a limited time to benefit from this tax saving.
First-time buyers – enjoy extra savings
If you’re a first-time buyer, you currently enjoy additional tax relief. You pay no Stamp Duty on homes priced up to £425,000. However, after March 2025, this tax-free threshold will drop back to £300,000. So, if you’re considering buying your first home, acting now could save you thousands of pounds.
Don’t miss out
With the current Stamp Duty savings set to end in March 2025, it’s a great time to move into your dream home with Curo. Whether you’re looking for your first home or a larger space for your growing family, these temporary reductions offer a valuable opportunity to save on your next move.
If you’re buying a second home or a buy-to-let property, keep in mind that an additional 3% surcharge applies to properties priced above £40,000.
