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Stamp Duty Land Tax

Stamp Duty Land Tax

The Stamp Duty Holiday extension ended on 30 June 2021...

But you can still make great savings…

Overview

First time buyer? As of 1 July 2021, you will only need to pay Stamp Duty on homes between £300,000 and £500,000 and on homes priced over £500,000.

If you have owned a property before, from 1 July 2021 until 30 September 2021, you will only need to pay Stamp Duty on a property priced £250,000 and above. Then from 1 October 2021, this threshold will be lowered to £125,000.

For all other buyers, for example those who own more than one home, or buy-to-let properties, you will have to pay an additional 3% on top of the below revised standard rates.

Did you know that Stamp Duty is paid on selected Fairview homes across our developments? To find out more, please get in touch with a member of our sales team.

 

Example:

Stamp Duty for buyers owning a single property, 1 July 2021 until 30 September 2021

Property price   SDLT rate
Up to £250,000   Zero
£250,001 to £925,000   5%
£925,001 to £1.5 million   10%
Above £1.5 million                            12%
     
     

 

What happens from 1 October 2021?

 

Stamp Duty for buyers owning a single property

Property price   SDLT rate
Up to £125,000                                  Zero
£125,001 to £250,000)   2%
£250,001 to £925,000   5%
£925.001 to £1.5 million   10%
 Above £1.5 million   12%
     

 

Stamp Duty needs to be paid within 30 days of completion.

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Stamp duty to pay

*The Stamp Duty calculator above is designed to give you an idea of your Stamp Duty liability when buying a home in the UK, based on owning only one home. This should be used as a guide only, and we cannot guarantee the accuracy of the results. Stamp Duty calculations are rounded to the nearest pound. Stamp Duty is paid on selected Fairview homes at selected developments. For more information, please speak to a member of our sales team.

Land to sell? Talk to Fairview.

We are always looking for opportunities to buy land for future development in London and the South East.

Find out more