The stamp duty holiday means anyone buying a property below £500,000 in England won't need to pay stamp duty until 1st April 2021. This applies to both first time buyers and those moving on from an existing home alike. Buying a home in Scotland?
The amount you could save depends on the value of your new home. Take a look at our examples below for more details.
If you're buying a new home over £500,000, you'll need to pay Stamp Duty Land Tax charges. The amount you pay increases on a sliding scale, but you'll still pay less than before the stamp duty holiday.
Reduced rates of Stamp Duty Land Tax (SDLT) will apply for residential properties purchased from 8 July 2020 until 31 March 2021 inclusive. Find out more here.