Stamp duty: What is it, how much is it and how is it changing?

At the moment, buyers of homes worth less than £250,000 don’t pay any stamp duty.

This limit was temporarily doubled from £125,000 in the September 2022 mini-Budget.

The threshold for those buying their first property is £425,000 (when buying a home of less than £625,000), which was raised from £300,000 (when buying a home of less than £500,000), as part of the same mini-Budget.

The current stamp duty rates are: