tamp duty changes – What do they mean?
Stamp Duty Changes from April 1st, 2025 – What Homeowners Need to Know
If you’re planning to buy or sell a property in 2025, you might have heard about the upcoming changes to Stamp Duty Land Tax (SDLT) in England. With these changes taking effect from April 1st, 2025, it’s important to understand how they could impact your move—especially if you’re thinking of selling soon.
Let’s break it down in simple terms, using a £300,000 property as an example.
What’s Changing?
Currently, buyers purchasing a property in England pay Stamp Duty based on thresholds that allow some buyers to pay less—or even nothing at all. However, from April 2025, new rules will adjust the tax bands, meaning buyers could face higher costs when purchasing their next home. This change is expected to reduce demand slightly after the deadline, as buyers rush to take advantage of the current rates before they increase.
The Numbers – How Much Will Buyers Pay?
Let’s look at a property priced at £300,000 under the current and new rates:
Current SDLT Rates (Until March 31st, 2025):
0% on the first £250,000 = £0
5% on the remaining £50,000 = £2,500
Total SDLT Payable: £2,500
New SDLT Rates (From April 1st, 2025):
0% on the first £125,000 = £0
2% on the next £125,000 = £2,500
5% on the remaining £50,000 = £2,500
Total SDLT Payable: £5,000
As you can see, buyers purchasing after April 1st will pay double the Stamp Duty on a £300,000 home. This means savvy buyers are likely to act fast in the first quarter of the year to avoid the extra cost.
What This Means for Sellers
If you’re thinking of selling, this is your window of opportunity. Buyer demand is expected to stay strong leading up to the deadline, with many motivated to complete their purchase before the new rates kick in. Acting now could help you attract more interest and achieve the best possible price for your home.
What Should You Do Next?
Whether you’re buying or selling, staying ahead of these changes is key. If you’re unsure how the changes might affect your plans, now is the perfect time to book a free property valuation and get expert advice tailored to your situation.
Thinking of selling? Don’t wait—April will be here before you know it!
