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. 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 will 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 £145,000, or £175,000 if you are a first-time buyer.

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 £180,000.

See more detail on LTT (Wales)

Stamp Duty

How much is Stamp Duty?

Stamp Duty payable for England purchasing over £500,000:

Purchase Price

Stamp Duty %

£0 – £500,000

0% (Zero)

£500,001 to £925,000

5%

£925,001 to £1.5 million

10%

More than £1.5m

12%

Stamp duty