First-time buyer stamp duty

The Chancellor announced in the autumn budget statement on 30 October 2024 that stamp duty land tax (SDLT) for first-time buyers will revert to previous levels from 31 March 2025.

• The threshold for first-time buyers will drop from £425,000 to £300,000.
• A 5% first-time buyer relief applies on the portion between £300,001 and £500,000 (down from the previous value of £625,000).

Stamp duty for shared ownership

Share to Buy is a good resource for additional information relevant to shared ownership.

The calculation of stamp duty can be complicated and you should seek advice based on your individual circumstances from your solicitor or other legal adviser.

Use the government's Stamp Duty Land Tax Calculator to work out how much tax you'll pay on your purchase.