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%

Use our Stamp Duty calculator

If you’ve found the home you’ve been looking for and are wondering how much Stamp Duty you’ll have to pay, use our Stamp Duty Calculator today.

With the Government across the UK reducing Stamp Duty from now until 31st March 2021 you could make a large saving when purchasing a home. Our calculator will show you how much you’ll pay, but also how much you could save too.

Enter your details in the calculator and find out how much Stamp Duty you’ll pay on your new home.

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