You will incur stamp duty when buying property. But the rates you pay (and if you pay at all) depend on whether it is your first property purchase or whether it is a second home or investment ...
If you're buying a property and intend to let it out or use it as a second/holiday home, you will have to pay a different rate of stamp duty from other buyers. The buy-to-let stamp duty calculator ...
This means that once again, first-time buyers will begin paying stamp duty on property worth more than £300,000 and home movers will start paying stamp duty on property worth more than £125,000.
Currently, first-time buyers do not pay any stamp duty on homes costing up to £425,000, while the threshold for other buyers is £250,000. But from 1 April 2025, the threshold for first time buyers ...
Many are rushing to buy, bidding more for properties in order to purchase in time to get a lower stamp duty bill. But because the property market is falling, it could make more sense to wait until ...