Stamp Duty

You could be saving thousands with the new Stamp Duty changes.

Following the Government announcement on 23rd September 2022, there is no Stamp Duty to pay on the first £250,000 when you buy a home.

What is Stamp Duty?

Stamp Duty Land Tax (SDLT) is a property transaction tax that is to be paid on any property worth over £250,000. For the most up to date information, visit the government’s website.

Who pays Stamp Duty?

As a home buyer, you will be the ones paying Stamp Duty rather than the seller. How much you pay (the Stamp Duty rate) depends on which bracket your new home sits in. The more expensive the property, the more Stamp Duty you’ll pay. However, first-time buyers won't have to pay any Stamp Duty on a property up to the value of £425,000.

How much Stamp Duty do I need to pay?

Under the current system, you won’t pay anything on a home up to £250,000. Anything above that, follow the rates in the table below.

First-time buyers - you are exempt from paying stamp duty on the first £425,000 up to a purchase price of £625,000. You’re eligible if you and anyone else you’re buying with are first-time buyers. If the price is over £625,000, you’ll pay 5% on the portion up to £925,000, and 10% on anything over that.

Additional home, or buy to let property - you are required to pay an additional 3% surcharge on top of each Stamp Duty band listed below.

Purchase price	Stamp Duty %
Up to £250,000	0% (Zero)
£250,001 to £925,000	5%
£925,001 to £1,500,000	10%
Over £1,500,000	12%

Stamp Duty Calculator

Use our handy SDLT calculator to find out how much you will need to pay when purchasing your new property. Just enter your purchase price, tick any conditions that apply to you, and we’ll calculate the rest.

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I’m buying my next home

I’m a first time buyer

I’m buying a second home / buy to let

You will be required to pay:
£0
in stamp duty

Frequently asked Questions

When do you pay Stamp Duty on a house purchase?

Stamp Duty is required upon completion date (when the transfer of ownership has been completed).

Where can I get further advice?

For further advice and guidance on Stamp Duty, the buying process, or our new build homes near you, get in touch with our helpful sales team.

More ways we can help you move

Introduce a Friend

Introduce your friends to Vistry Ventures and if they buy from us we’ll give you £1000* to say thank you.

How does it work

Introduce a Friend

Introduce your friends to Vistry Ventures and if they buy from us we’ll give you £1000* to say thank you.

How does it work

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