Top locations where first-time buyers can avoid paying stamp duty

Three in five homes listed on Zoopla are priced below the local stamp duty threshold for first-time buyers. Here's where to find them

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13. Nov 2023
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Top locations where first-time buyers can avoid paying stamp duty

If you’re a first-time buyer (FTB) purchasing a home over £425,000 in England or Northern Ireland, you’ll need to pay stamp duty.

If the property (or land) is below this amount, you can avoid it altogether.

The rules are different for existing homeowners in England and Northern Ireland, where stamp duty kicks in for properties costing £250,000. 

Those buying a home that won’t be their primary residence will pay an additional 3% surcharge on the entire price of the property. 

And buyers from overseas will pay an additional 2% surcharge.

In Scotland, first-time buyers are exempt from paying stamp duty on properties that cost up to £175,000.

For those who aren't FTBs, the stamp duty threshold is £145,000.

In Wales, there isn’t separate relief for first-time buyers. Instead, everybody has to pay the tax on properties that cost £225,000 or more.

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