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First time Buyer need pay Stamp Duty
alandaniel132
Posts: 479 Forumite
I understand there is a stamp duty free before April 2021.
May I know after April 2021, do I need to pay stamp duty for first time buyer?
May I know after April 2021, do I need to pay stamp duty for first time buyer?
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Comments
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Only on anything between £300k and £500k.
https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-first-time-buyers/stamp-duty-land-tax-relief-for-first-time-buyers
ETA: if over £500k there's no FTB stamp duty relief1 -
This applied after April 2020?MaryNB said:Only on anything between £300k and £500k.
https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-first-time-buyers/stamp-duty-land-tax-relief-for-first-time-buyers
ETA: if over £500k there's no FTB stamp duty relief
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It said:
From 22 November 2017 first time buyers paying £300,000 or less for a residential property will pay no Stamp Duty Land Tax (SDLT).
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That hasn't changed.alandaniel132 said:It said:
From 22 November 2017 first time buyers paying £300,000 or less for a residential property will pay no Stamp Duty Land Tax (SDLT).Put the relevant details into the SDLT calculator if you want to check:
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Before July 2020 and after April 2021.alandaniel132 said:
This applied after April 2020?MaryNB said:Only on anything between £300k and £500k.
https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-first-time-buyers/stamp-duty-land-tax-relief-for-first-time-buyers
ETA: if over £500k there's no FTB stamp duty relief
Between these dates FTBs pay tax over £500k https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates.
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