Higher Stamp Duty Threshold: How Does This Impact Buyers in 2025?

Stamp duty tax relief stimulates the housing market by making home purchases more affordable, particularly for first-time buyers and those buying more expensive properties.

How Does Stamp Duty Tax Relief Affect the Housing Market? Find Out How Much Money You will Save as a First-Time Homebuyer, What Your Dream Home Will Cost You & What Your Increased Purchasing Power Means for the Economy…

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Key Takeaways

Stamp Duty relief impacts the UK housing market by stimulating activity, as it lowers overall purchase costs for buyers.
This relief boosts the UK housing market by encouraging transactions, especially for first-time buyers and those acquiring more expensive properties.
To qualify for this relief in the UK, you typically need to be a first-time buyer of a property valued up to £500,000.
As a homeowner, you can benefit from this relief through potential savings on your purchase, effectively reducing overall acquisition costs.
Recent changes to this relief include a temporary threshold increase to £500,000 until 30th June 2021, aimed at stimulating the market post-pandemic.

Chancellor of the Exchequer, Kwasi Kwarteng, shared the government’s central mission to grow the post-pandemic economy and get the housing market moving on all levels by boosting home ownership.

The basic income tax rate will also be cut to 19% in April 2023, with 31 million people receiving an extra £170 more per year.¹

The reduced Stamp Duty Land Tax (SDLT) on purchasing residential properties in England and Northern Ireland provides additional relief to 200,000 homebuyers, including 60,000 first-time buyers.²