Policy paper

Stamp Duty Land Tax — reductions for residential properties

This tax information and impact note explains the increases in the nil-rate bands for Stamp Duty Land Tax on residential property and the amount that a First Time Buyer may pay while qualifying for relief.

From:
HM Revenue & Customs
Published
23 September 2022

This publication was withdrawn on

As the Chancellor confirmed at Autumn Statement 2022, this change will be made temporary. Therefore, this tax information and impact note has been withdrawn and the new one is Stamp Duty Land Tax - temporary reductions for residential properties.

Documents

Stamp Duty Land Tax Reduction — Threshold Changes

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Details

This document gives information about the changes and the impacts in the reduction of Stamp Duty Land Tax by increasing the:

  • residential nil-rate threshold from £125,000 to £250,000
  • nil-rate threshold for First Time Buyers’ Relief from £300,000 to £425,000, and
  • maximum amount that an individual can pay for a home while remaining eligible for First Time Buyers’ Relief, from £500,000 to £625,000

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Published 23 September 2022

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