Save on Stamp Duty when you buy your new Barratt home

Major Stamp Duty savings for home buyers in England. This means, if you buy a home up to the value of £500,000, you won’t need to pay any Stamp Duty, and even if you are buying a home over £500,000, you will make a saving. So now could be a great time to buy your new home.

What do the changes mean for you?

Stamp Duty is the tax charged by the Government when you buy a home. Following the Government announcement in England no Stamp Duty is payable on homes up to £500,000. For homes over £500,000 you could save £15,000.  

Stamp Duty in Scotland is referred to as the Land and Buildings Transaction Tax (LBTT) and is charged when you buy a home of more than £250,000.

See more detail on LBTT (Scotland)

Stamp Duty in Wales is referred to as the Land Transaction Tax (LTT) and is charged when you buy a home of more than £250,000.

See more detail on LTT (Wales)

Stamp Duty

How much is Stamp Duty?

Stamp duty

For homes over £500,000 there is still no Stamp Duty to pay on the first £500,000, then the following rates apply:

Purchase Price

Stamp Duty %

£0 to £500,000

0% (Zero)

£500,001 to £925,000

5% 

£925,001 to £1,500,000

10%

Over £1,500,000

12%

What if I am an investor or own more than one property?

If you are buying an investment property or an additional home, the following rates will apply to your purchase:

Purchase Price

Stamp Duty %

£0 to £500,000

3%

£500,001 to £925,000

8%

£925,001 to £1,500,000

13%

Over £1,500,000

15%

Barratt