Stamp Duty Land Tax (SDLT) Holiday and Upcoming Rate Changes
The Stamp Duty Land Tax (SDLT) holiday will end on 31st March 2025, and from 1st April 2025, SDLT rates will increase.
Starting 1st April 2025, the standard residential property SDLT rates will be as follows:
| Property Price (£) | SDLT Rate (%) |
|---|---|
| Up to £125,000 | 0% |
| £125,001 to £250,000 | 2% |
| £250,001 to £925,000 | 5% |
| £925,001 to £1.5 million | 10% |
| Above £1.5 million | 12% |
Example:
If you purchase a house for £500,000 in April 2025 and own only one property at completion, the SDLT payable will be calculated as follows:
- 0% on the first £125,000 = £0
- 2% on the next £125,000 = £2,500
- 5% on the final £250,000 = £12,500
Total SDLT = £15,000
For the latest updates and full details, please refer to the official government guidance on Stamp Duty Land Tax rates.
Please note, while we strive to progress all transactions efficiently, certain external factors, such as the actions of third parties, may impact the speed of completion. Therefore, we cannot guarantee that your transaction will complete before the SDLT holiday ends on 31st March 2025. Any transactions completed after this date will be subject to the new SDLT rates.
If you wish to discuss these upcoming changes in more detail, please feel free to contact us at enquiries@horwoodjames.co.uk or call 01296 487361 to speak with a member of our Conveyancing team.
