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Zero Percent

Huge Break for Homebuyers

Until the 31st March 2021 the threshold for Stamp Duty has been increased to £500,000 meaning 0% stamp duty for any property purchased below that amount.

What Does This Mean For YOU?


Effective immediately and running until 31st March 2021, stamp duty will be zero on any property purchase below £500k for home movers and first time buyers.

This could represent a tax saving of up to £15,000 which is a huge sum and when you use our Property Launch method to sell your home, you could end up with an additional £7,262 in your back pocket, making you up to £22,262 better off.

Previously, stamp duty was charged on properties costing £125k or more, except for first time buyers, who paid nothing up to £300k and a reduced rate up to £500k. Therefore, it will benefit first time buyers looking to buy properties over £300k, and for other home movers looking to purchase properties over £125K.

To put this into context, 16% of sales in England were exempt from stamp duty last year, this would have been nearer to 89% if this stamp duty holiday had been in place.

It's a fantastic step to keeping the housing market moving, though beware if you are purchasing an additional / rental property. You will still have to pay the 3% surcharge applicable for additional dwellings.

Our MD, Ian Preston, being interviewed by Sky News about the new Stamp Duty Changes

How Much Can You Save?

The most you will be able to save through this stamp duty adjustment is £15,000 which would apply to properties valued at £500k or more. If you'd like an idea on what you will be able to save, we've created some handy tables below for if you are a Home Mover, First Time Buyer, or looking to purchase an Additional Property.

Home Movers
Purchase PriceOld Stamp DutyNew Stamp Duty
125,000 0 0
200,000 1,500 0
250,000 2,500 0
300,000 5,000 0
350,000 7,500 0
400,000 10,000 0
450,000 12,500 0
500,000 15,000 0
600,000 20,000 5,000
700,000 25,000 10,000
800,000 30,000 15,000
925,000 36,250 21,250


First Time Buyers
Purchase PriceOld Stamp DutyNew Stamp Duty
125,000 0 0
200,000 0 0
250,000 0 0
300,000 0 0
350,000 2,500 0
400,000 5,000 0
450,000 7,500 0
500,000 10,000 0
600,000 20,000 5,000
700,000 25,000 10,000
800,000 30,000 15,000
925,000 36,250 21,250


Additional Property
Purchase PriceOld Stamp DutyNew Stamp Duty
125,000 3,750 3,750
200,000 7,500 6,000
250,000 10,000 7,500
300,000 14,000 9,000
350,000 18,000 10,500
400,000 22,000 12,000
450,000 26,000 13,500
500,000 30,000 15,000
600,000 38,000 23,000
700,000 46,000 31,000
800,000 54,000 39,000
925,000 64,000 49,000

How much is your property worth?

Curious about the value of your home? Choose our Hometrack Valuation for a free, online estimation.

Looking to sell or let in the next 6 months? Book a free, no obligation valuation of your home directly into the diary of your local Preston Baker team. For the most accurate home valuation seeing an agent face to face is the best solution. We have a valuation expert in your area that can see you this week, simply select an appointment time to suit you.