When you’re looking to buy your new home, it’s important to factor in Stamp Duty (also called Stamp Duty Land Tax or abbreviated to SDLT) on top of your deposit and mortgage costs. At Jones Homes, we can sometimes offer you a contribution to Stamp Duty via our Helping Hand Scheme.
Find out more about possible Stamp Duty offers today.
| Property Value | Stamp Duty Costs |
|---|---|
| £125,000 or less | Nothing |
| £125,001 - £250,000 | 2% |
| £250,001 - £925,000 | 5% |
| £925,001 - £1.5million | 10% |
| Above £1.5m | 12% |
How much
is Stamp Duty?The cost of Stamp Duty depends upon many factors, including:
The price of the property/land that is being bought.
* The location of the property/land.
* The intended use of the purchase as either a home/holiday home/investment.
* When the property/land was purchased.
* Whether the buyer is a resident of the UK or a first time buyer.
* Whether the buyer owns more than one property.
As of Q3 2025, Stamp Duty costs for a single property (provided that it is the only residential property you own) are calculated as follows if after buying the property, it is the only residential property you own. Please note that if you’re not a resident of the UK, then buying a residential property in England or Northern Ireland will incur an additional Stamp Duty charge of 2%. You usually pay 5% on top of these rates if you own another residential property.
Stamp Duty
As of Q3 2025, if you are a first time buyer you will not pay Stamp Duty on homes up to £300,000.
First time buyers in England and Northern Ireland can also claim Stamp Duty relief. This means that they don’t have to pay Stamp Duty unless their purchase is £300,001 or more. Even then, their Stamp Duty will only cost 5% unless their purchase is over £500,000. Over this upper threshold, standard Stamp Duty rates will apply.
Unless you are a first time buyer, you’ll usually pay Stamp Duty every time you purchase a property that’s above the £125,000 threshold. Leasehold, shared ownership, and purchases without a mortgage all count, although Stamp Duty will only be paid on the part of the property that’s being purchased during a shared ownership arrangement. Some exemptions to the need to pay Stamp Duty include:
* Transferring part of a property to the other spouse/partner following a divorce/separation.
* Transferring the deeds of home ownership as a gift.
* Inheriting a property via someone else’s will.
* Building your own home.
* Buying a zero-carbon home that costs less than £500,000.
Stamp Duty has to be filed and paid within 14 days of your property or land being purchased. Your solicitor will often arrange this for you as part of the conveyancing process, but if you do it yourself you’ll need to fill out an online Stamp Duty Land Tax return form within this timescale.
If you purchase a second home or buy-to-let property without selling your previous home (even if it’s only a temporary arrangement), you’ll have to pay an additional 5% on top of the standard Stamp Duty rates. This applies even if the second property is the only one that’s located in the UK, or if it’s bought via a limited company. However, it doesn’t apply if the second home in question is a caravan, mobile home or houseboat. If you sell the second property within 36 months.
In cases where you only temporarily owned two homes, you may be able to claim a refund if you sell your existing property within 3 years of buying the new one. However, you’ll have to claim within 12 months of the sale, or by filling out a tax return.
This helpful Stamp Duty Calculator can show you exactly how much Stamp Duty you may have to pay when buying a new, or your first home.