archiveStamp duty

UK house prices fell in March, according to Halifax, reflecting a cooling in the market as the stamp duty tax break comes to an end. The average UK house price registered a 0.5% dip from the previous month, or £1,575 in cash terms, leaving the average cost of a home at £296,699, according to the lender. Prices were up 2.8% from March last year, unchanged from the annual rate in February. Amanda Bryden, head of Mortgages at Halifax, said: “House prices rose in January as buyers rushed to beat the...

UK house prices fell in March, according to Halifax, reflecting a cooling in the market as the stamp duty tax break comes to an end. The average UK house price registered a 0.5% dip from the previous month, or £1,575 in cash terms, leaving the average cost of a home at £296,699, according to the lender. Prices were up 2.8% from March last year, unchanged from the annual rate in February. Amanda Bryden, head of Mortgages at Halifax, said: “House prices rose in January as buyers rushed to beat the...

Enter the price, location and purpose of the property you're buying and our stamp duty calculator will tell you how much tax you'll have to pay on it.It reflects the changes to stamp duty for people purchasing buy-to-let properties and second homes that were announced in the 2024 Autumn Budget and the rates in operation from 1 April 2025.Please note that the information in this article is for information purposes only and does not constitute advice. Please refer to the particular terms and conditions of a provider before committing to...

Homebuyers in England will pay £3,229 more in stamp duty from April 2025 for an average property, one expert warns.From this month, homebuyers will start paying stamp duty on properties sold for over £125,000, the previous threshold had been £250,000. This means a home in England selling for an average of £291,397 will pay stamp duty of £4,569, £3,229 more than if the property had been sold before April 1.Stamp duty is taxed at between 2%, 5%, 10% or and 12% of a property's purchase price, with different rates applying...