Stamp Duty Budget 2025
Everything you need to know about the stamp duty changes from the 2024 Autumn Budget and April 2025 threshold reversion.
Complete guide with before & after comparisonTimeline of changes
30 October 2024
Autumn Budget announced
Chancellor confirms the additional dwelling surcharge will rise from 3% to 5% from midnight. Temporary nil-rate thresholds confirmed to expire on 31 March 2025.
31 October 2024
5% surcharge takes effect
The additional dwelling surcharge on second homes, buy-to-let properties, and company purchases increases from 3% to 5%, applied on top of standard rates.
31 March 2025
Temporary thresholds expire
The last day to complete a purchase under the temporary higher nil-rate thresholds (£250,000 standard; £425,000 first-time buyer).
1 April 2025
New rates take effect
Standard nil-rate threshold returns to £125,000. First-time buyer relief covers up to £300,000 on properties worth no more than £500,000.
Before vs after: how much more do you pay?
Comparison of SDLT for a standard (moving home) buyer before and after 1 April 2025.
| Price | Before April 2025 | From April 2025 | Increase |
|---|---|---|---|
| £200,000 | £0 | £1,500 | +£1,500 |
| £300,000 | £2,500 | £5,000 | +£2,500 |
| £400,000 | £10,000 | £12,500 | +£2,500 |
| £500,000 | £15,000 | £17,500 | +£2,500 |
| £750,000 | £27,500 | £30,000 | +£2,500 |
Standard buyer rates. Excludes additional dwelling surcharge. Before = rates from 23 September 2022 to 31 March 2025.
Impact by buyer type
First-time buyers
Relief threshold dropped from £425,000 to £300,000. Property value cap dropped from £625,000 to £500,000. A first-time buyer purchasing a £400,000 property now pays £5,000 in SDLT where they previously paid nothing.
Full first-time buyer guide →Home movers
The nil-rate band halved from £250,000 to £125,000. Every buyer above £125,000 now pays £2,500 more than they would have under the temporary rates. The biggest proportional impact is on purchases in the £125,000–£250,000 range.
Investors & landlords
Hit by both changes. The additional dwelling surcharge rose from 3% to 5% (October 2024), and nil-rate thresholds dropped (April 2025). A buy-to-let purchase at £300,000 now costs £20,000 in SDLT — up from £11,500 under the old rates.
What does this mean for me?
The answer depends on your situation. Use our tools to see exactly what you'll pay.
SDLT Calculator
Calculate your exact stamp duty under the current rates.
Calculate now →First-time buyer?
See what relief you qualify for and how much you'll save.
Read the guide →Already bought?
Check if you overpaid stamp duty on chattels and estimate your refund.
Estimate my refund →Buying through a company?
Corporate purchases face the 5% surcharge plus potential 15% flat rate.
Company calculator →Frequently asked questions
What stamp duty changes were announced in the 2024 Autumn Budget?
How much more stamp duty do I pay in 2025?
Information on this page relates to Stamp Duty Land Tax (SDLT) in England and Northern Ireland. Scotland uses LBTT and Wales uses LTT — different rates apply. Always consult a solicitor for your specific circumstances.