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ARTICLE · 14 JANUARY 2025

Upcoming Challenges With SDLT Rate Changes On 1st April 2025

Anthony Gold Solicitors LLP
Anthony Gold Solicitors LLP
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Anthony Gold Solicitors LLP

Anthony Gold Solicitors LLP

Founded over 60 years ago, Anthony Gold is a multi-specialist leading firm based in London but with...

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Starting from 1st April 2025, significant changes to the Stamp Duty Land Tax (SDLT) rates will come into effect in England and Wales. These changes will impact all homebuyers, particularly first-time buyers.

United KingdomReal Estate and Construction

Starting from 1st April 2025, significant changes to the Stamp Duty Land Tax (SDLT) rates will come into effect in England and Wales. These changes will impact all homebuyers, particularly first-time buyers. Here are the key changes and the challenges they present:

Key Changes

  1. Reduction of the Nil-Rate Band:
    • Current Rule: No SDLT is payable on the first £250,000 of the purchase price.
    • From April 2025: The nil-rate threshold for residential properties will revert to £125,000, and SDLT will be payable at 2% on the purchase price between £125,001 and £250,000
  2. First-Time Buyer Relief:
    • Current Rule: First-time buyers are exempt from paying SDLT on homes priced up to £425,000, with the relief applicable on properties with a purchase price up to £625,000.

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