Home Helpful advice What is stamp duty

What is stamp duty?

Stamp Duty Land Tax (SDLT) is a Government tax that is applied to the purchase of properties over £125,000.* (*£250,000 If a first time buyer). The level of SDLT applicable depends on the purchase price of the property but it will be between one and five per cent of the purchase price.

For First Time Buyers the threshold as to when SDLT is applicable has been raised to £250,000. This is only available if you have never owned a home in the UK or the anywhere in the world before. If more than one person is buying the property, they also cannot have been a home owner in the past.

Stamp Duty Land Tax Thresholds – What will I have to pay?

Purchase Price of Residential Property	Rate of SDLT	Rate of SDLT for FTB
£0- £125,000	0%	0%
£125,001- £250,000	1%	0%
£250,001 - £500,000	3%	3%
£500,001- £1,000,000	4%	4%
£1 million and over	5%	5%

Back

Find a new home

Choose a county

or
Choose a development

Advanced search close

Why Choose Kier

At Kier, we take care of everything from carefully selecting the location of your new home to building it with the highest quality materials.

Building a range of high quality new homes from one and two bedroom apartments to luxury five bedroom detached homes throughout England and Scotland, Kier Homes is renowned for its quality and attention to detail. Innovative and forward thinking, with over 70 years experience in new property construction, Kier Homes has a solid past and an exciting future.

The experience and knowledge gleaned over the years has helped to create the solid foundations of a new homes company committed to excellence from initial design through to construction and after sales care.

Find out more

What is stamp duty?

Choose a county

or Choose a development

Why Choose Kier

or
Choose a development