First Time Buyers pay no stamp duty up to £450,000 and on property purchases up to £625,000.
£0 - £125,000
0%
£125,001 - £250,000
2%
£250,001 - £925,000
5%
£925,001 - £1,5 million
10%
Over £1,5 million
12%
£0 - £145,000
£145,001 - £250,000
£250,001 - £325,000
£325,001 - £750,000
Over £750,001
Under the latest government rules you may pay Stamp Duty at several different rates, depending on the purchase price. Under the old rules, there were several different Stamp Duty rates, but you as a homebuyer, paid the same rate on the whole purchase price.
New LBTT rates were introduced from April 2015. Under the new LBTT system buyers pay tax on amounts between bands, not on the full purchase price of a property.
