Stamp Duty

How will the Stamp Duty changes affect you?

The government has announced a cut to stamp duty – the tax paid when people buy a property in England – which means you could save thousands of pounds when you move to a brand new Bewley home.

The government has changed the threshold at which stamp duty is paid on a property from £125,000 to £250,000.

In addition, the level at which first time buyers start paying stamp duty on a property has increased from £300,000 to £425,000.

Calculate your stamp duty here

How much is stamp duty now?

Purchase PriceStamp Duty %
£0 to £250,0000% (Zero)
£250,001 to £925,0005%
£925,001 to £1,500,0010%
Over £1,500,00012%

A customer buying a £500,000 Bewley home will now be charged £12,500 of stamp duty rather than the previous £15,000

Presenting a significant saving of £2,500.

What if I’m a first-time buyer?

If you’re a first-time buyer of a Bewley home, you will pay no stamp duty on properties worth up to £425,000.

For properties costing up to £625,000, you will pay no stamp duty on the first £425,000.

You’ll then pay stamp duty at the relevant rate of 5% on the remaining amount, up to £200,000. If the property you’re buying is worth over £625,000, you will need to pay the standard rates of stamp duty and won’t qualify for first-time buyer’s relief.

Calculate your stamp duty here

For a complete breakdown of stamp duty tax, including for investors and customers with more than one property, visit the government’s website.