Stamp Duty Information for First Time Buyers

Stamp duty is a tax imposed on the buyer of a property. The amount of stamp duty to pay depends on the value of the property. The table below shows the stamp duty thresholds. However, there is no need to do the math as there is a stamp duty calculator at the bottom of this page.

Rate	Land in disadvantaged areas	All other land in the UK
Zero	£0 - £150,000	£0 - £125,000
1%	£150,000 - £250,000	£125,000 - £250,000
3%	£250,000 - £500,000	£250,000 - £500,000
4%	Over £500,000	Over £500,000

You will have noticed that the stamp duty threshold for buying in a disadvantaged area is higher. For an up-to-date list of areas that are listed as disadvantaged, visit the HM Revenue and Customs website.

Go green to get out of paying stamp duty

You can be exempt from paying stamp duty if you buy a 'zero-carbon' (energy-efficient) home. You will not be exempt from stamp duty if the property is worth more than £500,000. The stamp duty exemption or discount does not happen automatically so the owner must arrange for the home to be inspected by an independent assessor and issued with a zero-carbon certificate.

Stamp Duty Calculator

This calculator assumes that your property is not in a disadvantaged area.

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User Comments

Tim from Suffolk said...

Go on, be the first to add a comment!

Thursday, April 10th 2008 06:53 PM

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