First-Time Buyer Stamp Duty Relief
Pay no stamp duty on properties up to £425,000 — saving up to £8,750.
Eligibility
- • Never owned property anywhere in the world
- • Property costs £625,000 or less
- • Must be your main residence
- • If buying jointly, BOTH must be first-time buyers
How Much You Save
| Price | Standard | First-Time | Saving |
|---|---|---|---|
| £200,000 | £0 | £0 | £0 |
| £300,000 | £2,500 | £0 | £2,500 |
| £425,000 | £8,750 | £0 | £8,750 |
| £500,000 | £12,500 | £3,750 | £8,750 |
| £625,000 | £18,750 | £10,000 | £8,750 |
| £650,000 | £20,000 | £20,000 | £0 (no relief) |
Property Details
£
Stamp Duty
£2,500
Effective Rate
0.83%
Monthly if on Mortgage
£15/mo
Band Breakdown
| Band | Rate | Tax |
|---|---|---|
| £0 – £250,000 | 0% | £0 |
| £250,000 – £300,000 | 5% | £2,500 |
Compare All Buyer Types
Standard
£2,500
0.83%
First-Time
£0
0.00%
Additional (+3%)
£11,500
3.83%
Non-Resident (+2%)
£8,500
2.83%