Stamp Duty Advice
If you are buying a property then part of the cost to purchase could include Stamp Duty. Stamp Duty is a tax paid to the government upon purchase of a property or land. Stamp Duty is charged at different rates dependent on purchase price, use (ie residential or non residential)
We will be able to give you advice about the amount of Stamp Duty due on completion of your purchase.
If you own a second property then there is a possibility that you may pay a higher rate of tax. If you do own a second property you will need to call us to discuss and we will establish whether the higher rates will apply. We have set out both rates of Stamp Duty below and the new rates which are applicable from 1 April 2025.
Rates of Stamp Duty for a single property
You pay Stamp Duty Land Tax (SDLT) at these rates if, after buying the property, it is the only residential property you own. You usually pay 5% on top of these rates if you own another residential property.
Rates up to 31 March 2025
| Property or lease premium or transfer value | SDLT rate |
| Up to £250,000 | Zero |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
After 31st March 2025 the following rates will apply
| Property or lease premium or transfer value | SDLT rate |
| Up to £125,000 | Zero |
| The next £125,000 (the portion from £125,001 to £250,000) | 2% |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
Rates of Stamp Duty for a second property are as follows
Up to 31st March 2025
| Relevant consideration | Percentage |
| So much as does not exceed £250,000 | 3% |
| So much as exceeds £250,000 but does not exceed £925,000 | 8% |
| So much as exceeds £925,000 but does not exceed £1.5 million | 13% |
| The remainder (if any) | 15% |
For transactions with an effective date on or after 1 April 2025 those rates are as follows:
| Relevant consideration | Percentage |
| So much as does not exceed £125,000 | 3% |
| So much as exceeds £125,000 but does not exceed £250,000 | 5% |
| So much as exceeds £250,000 but does not exceed £925,000 | 8% |
| So much as exceeds £925,000 but does not exceed £1.5 million | 13% |
| The remainder (if any) | 17% |
When is stamp duty paid?
This is paid upon completion. We will collect this money from you before completion. The government requires Stamp Duty to be paid within 30 days of completion or there will be a fine.
Please contact us if you have a any questions regarding Stamp Duty, please call or enquire online using the form at the top of this page.
Meet our team of experts
Frequently asked questions
Conveyancing Client Reviews
Clear Advice Feels Better
Clear Advice Feels Better
Good morning,
I just wanted to send an appreciation email! People are often quick to complain but not as quick to give appraisal.
This is the second time that I have used Vincent’s solicitors and I have yet again been very happy with the service received. Any queries I had were always answered efficiently & I never felt that I asked too many questions (or that they were silly to ask!). Nothing was too much trouble. Joe, also a great point of contact with again great communication and always very helpful.
Thank you so much for making this a stress free process, and I will continue to recommend Vincent’s Solicitors & the team there.
Happy Monday & have a great week!
Kind regards,
Jessica
Clear Advice Feels Better
Nicole, Sarah, Daisy
A belated thank you from me for all your support , patience and hard work on getting the purchase over the line.
As ever, a first rate service from you all – you are by far the best conveyancing team I have ever experienced and as this was property transaction no 18 for me that gives you some context !
Kind regards
Alison
Clear Advice Feels Better
Following completion on my property sale I just wanted to show my appreciation for Vincents conveyancing services and in particular the support provided by Kerry Rankine.
Kerry was efficient, responsive and proactive throughout the transaction, her efforts made what could have been a stressful process straightforward and stress free, please pass on my personal thanks.
Now that this property has been sold we need to sort out our Wills & LPAs and I would appreciate an introduction to a suitable contact within Vincents, our preference would be to visit the Garstang office.
Regards
Adrian
Highly Recommended
I highly recommend Vincent’s solicitors for their exceptional conveyancing services. June and her team were not only friendly but also displayed extensive knowledge, delivering an excellent service for the selling and purchase of my new property.
Efficient and Reliable
We have used Vincents now on two occasions and cannot fault them. They are efficient, reliable as always. And as for solicitors, I will not use anybody else going forward. Amazing service and would recommend them to anybody!
Extremely Responsive
My wife and I have used Vincent solicitors for conveyancing since 2005 and for every property I’ve bought they have provided a consistently great service. They are always extremely responsive which helps enormously to speed the transactions along and they have always shown a high level of expertise. That expertise was especially useful in our most recent house purchase, which saw us move from a city centre property in the South East, to rural Cumbria. For this purchase June Caunce was our conveyancer and she helped guide us through the intricacies of easements, septic tanks, boundary issues and more! These are all elements we had not encountered before and so having a local and knowledgeable firm helping us was vital in covering off those elements, ensuring the purchase went smoothly.
Clear Advice Feels Better
Good morning,
I just wanted to send an appreciation email! People are often quick to complain but not as quick to give appraisal.
This is the second time that I have used Vincent’s solicitors and I have yet again been very happy with the service received. Any queries I had were always answered efficiently & I never felt that I asked too many questions (or that they were silly to ask!). Nothing was too much trouble. Joe, also a great point of contact with again great communication and always very helpful.
Thank you so much for making this a stress free process, and I will continue to recommend Vincent’s Solicitors & the team there.
Happy Monday & have a great week!
Kind regards,
Jessica
Clear Advice Feels Better
Nicole, Sarah, Daisy
A belated thank you from me for all your support , patience and hard work on getting the purchase over the line.
As ever, a first rate service from you all – you are by far the best conveyancing team I have ever experienced and as this was property transaction no 18 for me that gives you some context !
Kind regards
Alison
Clear Advice Feels Better
Following completion on my property sale I just wanted to show my appreciation for Vincents conveyancing services and in particular the support provided by Kerry Rankine.
Kerry was efficient, responsive and proactive throughout the transaction, her efforts made what could have been a stressful process straightforward and stress free, please pass on my personal thanks.
Now that this property has been sold we need to sort out our Wills & LPAs and I would appreciate an introduction to a suitable contact within Vincents, our preference would be to visit the Garstang office.
Regards
Adrian
Highly Recommended
I highly recommend Vincent’s solicitors for their exceptional conveyancing services. June and her team were not only friendly but also displayed extensive knowledge, delivering an excellent service for the selling and purchase of my new property.
Efficient and Reliable
We have used Vincents now on two occasions and cannot fault them. They are efficient, reliable as always. And as for solicitors, I will not use anybody else going forward. Amazing service and would recommend them to anybody!
Extremely Responsive
My wife and I have used Vincent solicitors for conveyancing since 2005 and for every property I’ve bought they have provided a consistently great service. They are always extremely responsive which helps enormously to speed the transactions along and they have always shown a high level of expertise. That expertise was especially useful in our most recent house purchase, which saw us move from a city centre property in the South East, to rural Cumbria. For this purchase June Caunce was our conveyancer and she helped guide us through the intricacies of easements, septic tanks, boundary issues and more! These are all elements we had not encountered before and so having a local and knowledgeable firm helping us was vital in covering off those elements, ensuring the purchase went smoothly.
Stay in the loop
Latest Industry news and insights
