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Changes to Stamp Duty in April 2025 (What You Need to Know!) 1 месяц назад


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Changes to Stamp Duty in April 2025 (What You Need to Know!)

🏡 Thinking about buying a property in 2025? The stamp duty landscape is changing, and these updates could affect your wallet! 💸 In this video, we dive into the key changes to Stamp Duty Land Tax (SDLT) coming in April 2025 and how they’ll impact both buyers and first-time homeowners. What’s changing? ➡️ The stamp duty threshold has reverted back to £125,000, meaning if your property is worth between £125,000 and £250,000, you’ll pay 2% stamp duty (that’s £2,500!) ➡️ For properties above £250,000, the rates stay the same but now you’ll pay more if your home is worth over £250,000. ➡️ First-time buyers also see changes! The tax-free threshold has dropped from £425,000 to £300,000, and the max property price for a discount has reduced from £625,000 to £500,000. 🚨 So, if you’re a first-time buyer looking at properties over £500,000, you’ll lose the first-time buyer discount altogether. These changes could significantly impact your property costs, so it’s important to plan ahead! 📊 Got questions about these changes or want more info on how it affects you? Drop them in the comments below! 👇

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