First-time buyers pay no Stamp Duty on the first £300,000 of a home worth up to £500,000. Enter your purchase price to see your SDLT with the relief — and how much it saves you against the standard rates.
England & Northern Ireland
If you and anyone you're buying with have never owned a home before, you qualify for first-time buyer Stamp Duty relief. You pay nothing on the first £300,000, then 5% on the portion from £300,001 to £500,000. But the relief is all-or-nothing on price: if the home costs more than £500,000, you get no relief at all and pay the standard rates from the £125,000 threshold up.
| Portion of price | First-time buyer rate | Standard rate |
|---|---|---|
| Up to £125,000 | 0% | 0% |
| £125,001–£250,000 | 0% | 2% |
| £250,001–£300,000 | 0% | 5% |
| £300,001–£500,000 | 5% | 5% |
| Over £500,000 | No relief | 5%–12% |
Everyone purchasing must never have owned a residential property anywhere in the world, including inherited or shared-ownership homes. If you're buying with someone who has owned before, neither of you gets the relief. The rules here cover England and Northern Ireland; Scotland (LBTT) and Wales (LTT) have their own first-time buyer schemes. Compare with the standard stamp duty calculator or check what you can borrow on the affordability calculator.
First-time buyers pay no Stamp Duty on the first £300,000 and 5% on the portion from £300,001 to £500,000, provided the home costs £500,000 or less. On a £350,000 home that's £2,500. Above £500,000 no relief applies.
First-time buyer relief gives a 0% band up to £300,000 and applies only where the property costs £500,000 or less. Buy for more than £500,000 and you lose the relief entirely, paying standard rates from £125,000.
Every person buying must never have owned a residential property anywhere in the world, including inherited and shared-ownership homes. If you buy with someone who has previously owned, the relief is not available to either of you.
No — this relief covers England and Northern Ireland. Scotland charges Land and Buildings Transaction Tax (LBTT) and Wales charges Land Transaction Tax (LTT), each with their own first-time buyer rules and thresholds.
