Stamp duty changes for first time buyers

There have been big changes to the stamp duty rules for first time buyers, great news!

In England, Wales and Northern Ireland, the new stamp duty rates from 22/11/2017 for first-time buyers buying properties costing up to £500,000 are as follows:

• Up to £300,000 purchase price: 0% stamp duty
• £300,000.01 to £500,000: 5% (on that portion of the purchase price only)