At the moment, buyers of homes worth less than £250,000 don’t pay any stamp duty.
This limit was temporarily doubled from £125,000 in the September 2022 mini-Budget.
The threshold for those buying their first property is £425,000 (when buying a home of less than £625,000), which was raised from £300,000 (when buying a home of less than £500,000), as part of the same mini-Budget.
The current stamp duty rates are:
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