Stamp Duty Paid

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 is Stamp Duty?

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 from 27th July 2020.

See more detail on LTT (Wales)

Stamp Duty

How much is 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

How could we pay it for you?

Legally, when purchasing a home, the purchaser has to pay the Stamp Duty land tax on their purchase. On selected plots, we may be able to make a contribution towards your Stamp Duty - just ask the Sales Adviser at the development.

Should you proceed with this offer, your solicitor will deduct the agreed contribution from the purchase price that is paid to us and allocate it to the Stamp Duty payment on completion of the purchase of your new home.

Click to read the full Terms and Conditions.