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Do first time buyers pay stamp duty?
It depends on how much the house you’re buying will cost and where it is.
- In England and Northern Ireland, you’ll get first time buyer’s relief. So, you’ll pay stamp duty if the house you’re buying costs more than £425,000. If it costs more than £625,000, you won’t get first time buyer’s relief.
- In Scotland, you’ll also get first time buyer’s relief, so you’ll pay land & buildings transaction tax (LBTT) if your house costs more than £175,000.
- In Wales, there isn’t any first time buyer’s relief, so you’ll pay land transaction tax (LTT) if your house costs more than £225,000.
Not sure if you qualify for first time buyer’s relief?
To qualify as a first time buyer, you and everyone you’re buying with must be buying a home without ever owning land or property in the past.
Paying your stamp duty
Other rules for first time buyers
All thresholds and tax bands are right at the time of publication.
Frequently asked questions
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First time buyer’s relief is available in England, Northern Ireland and Scotland due to government schemes to help with the costs of buying a home for the first time. Learn more about government schemes.
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They won’t – you need to tell them. Your solicitor will arrange the necessary paperwork for you.
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If you can’t afford to pay the tax you owe, you may be able to increase your mortgage to cover the payment. You’ll need to check this with your lender and be aware that you’ll end up paying more overall due to interest.
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