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Property taxes

The amount of tax you pay when you buy a property depends on several factors including:

  • the country the property is in
  • how much you paid for it
  • whether it is your main home.

First-time-buyers

Stamp duty land tax was abolished for most first-time-buyers in England and Northern Ireland on 22 November 2017. People who buy a home worth between £300,000 and £500,000 will not pay stamp duty on the first £300,000. They will pay normal rates on the price above £300,000.

The Scottish government is consulting on whether to scrap land and buildings transaction tax on properties up to £175,000 for first-time buyers.

There are no specific rules for first-time buyers in Wales.

Calculate Stamp duty land tax
Please note:
The results provided by this calculator should be used as a guide only. Please contact us to discuss property tax planning in detail.