Stamp Duty

Stamp Duty is a land tax payable if you purchase a property over a certain price in England.

There are different thresholds that impact the point at which stamp duty is needing be paid, which is detailed below:

  • From £250,000 forresidential properties
  • From £425,000 for first-time buyers buying aresidential property
  • From £0 for second homes/investment properties
  • From £150,000 for non-residential land and properties

There are varying rates of stamp duty payable dependent on whether the property is being purchased as a ‘second home’ (where the buyer already owns another property that they aren’t selling) or if the purchaser is not a UK resident.

Below you will find tables detailing the different levels of stamp duty payable dependent on your buying position and purchase price:

Purchase PriceMain ResidenceSecond Home/Additional Property
Up to £250,0000%3%
£250,000+ – £925,0005%8%
£925,000+ – £1,500,00010%13%


Purchase PriceFirst Time Buyer
Up to £425,0000%
£425,000+ – £925,0005%
£925,000+ – £1,500,00010%

Your solicitor should be able to assist with advising on the stamp duty payable, as well as the payment of this, which will need to be made within fourteen days of the completion of your purchase, otherwise you may be charged and interest may be accrued.

If you have any questions in relation to stamp duty or the amount that you may need to pay for your property purchase, then please give our team a call on 01733 808826 or email

Contact The Peterborough Team

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