From today (1st of July 2021) until the 30th of September 2021 the threshold for no stamp duty will be £250,000 for residential properties and £150,000 for non-residential properties and land in England and Northern Ireland. Since June 2020, for the first £500,000 buyers did not pay any stamp duty. However, the threshold now stands at £250,000, with 5% at £250,001-£925,000, 10% at £925,001-£1,500,000 then 12% upwards of £1,500,000.
First time buyers will now not pay any stamp duty on purchases that are up to £300,000.
If you are unsure what stamp duty you will need to pay on your property, call us today and we can run through it with you.
For further information please head over to:
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