First Time Buyer Stamp Duty - Updated 2025

Stamp Duty Changes for First-Time Buyers (Budget 2024) 🏡💰

In this video, we’re breaking down the recent Stamp Duty Land Tax (SDLT) changes announced in the 2024 budget and how they affect first-time buyers and home movers. Whether you're buying your first home or just want to understand how these changes will impact you, we’ve got you covered!

Key Points Covered:
What is Stamp Duty and how does it work?
SDLT relief for first-time buyers explained
Changes to Stamp Duty rates for properties purchased before and after 1st April 2025
How much SDLT you’ll pay on properties up to £625,000 (or more!)
Examples of how to calculate your SDLT

IMPORTANT DATES FROM THIS VIDEO
➡️ Up to 31st March 2025: First-time buyer relief up to £425,000
➡️ From 1st April 2025: New rates and thresholds kick in (relief up to £300,000)

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[realadammason]

Just completed today. Thank god I dodged the upcoming stamp duty!

[MichaelCook]

What i cant understand is how these criminal thieves can keep getting away with this. UK taxes are an absolute disgrace.

[kluei]

Thanks for the all the info! Quick question :). If we already own a property that is less than £40, 000, will we pay a reduced stamp duty in a new property? We have received different answers on the topic, thanks.

[Jonathan-xmkm]

Pretty clear home prices will decline a lot, especially the more expensive ones.

[erlinghakaku]

Nice video. Only thing i wanted to ask is does stamp duty rules stay the same if the FTB is buying the house to let i.e put it out on rent? Im getting conflicting info online lol

[Gguy]

Hi great video, I’m buying a shared ownership after the change due to delays…. I’m purchasing 40% for £140, 000 do I have to pay stamp duty ?

[azad]

Hello what if I buy additional home around what would be the stump duty after 20/04/2025 please thank you 🙏

[maxthelab]

So Labour have canned the pensioners, canned the disabled, are about to cane the unemployed et al and hey! Now they are going to cane first-time hope all those first-time buyers who voted Labour are more than happy to contribute extra funds to Labour's spunk fund. Chances are ( my guess ) the Tories would have left the SD as is for the foreseeable future in a move to help First Time buyers.

[asha-ly]

My daughter first time buyer but I am not but I don't have a property sold ten years back pls tell me