From 1 April 2025, significant updates to Stamp Duty Land Tax (SDLT) will come into effect, potentially reshaping property transactions across England. Whether you’re a first-time buyer, a property investor, or an existing homeowner, understanding these changes is vital. At Burd Ward Solicitors, we’re here to guide you through these updates and help you navigate their impact on your property dealings.
Stamp Duty Land Tax (SDLT) is a government tax applied to property purchases in England. The amount payable depends on the property price, with higher-value transactions incurring higher rates. Knowing the SDLT rules is essential for anyone buying residential or commercial property.
The upcoming SDLT changes aim to improve housing affordability and influence market behaviour. Here are the main updates:
The surcharge on buy-to-let and second homes will rise to 5% across all bands:
Buyers of energy-efficient homes (EPC rating A or B) will enjoy reduced SDLT rates, paying 1% less across all bands.
The lower SDLT band for commercial property transactions will increase from £150,000 to £200,000.
The increased SDLT-free threshold will help first-time buyers save thousands on property purchases.
The higher surcharge makes additional property acquisitions more expensive, impacting investors and second-home buyers.
Properties with high energy efficiency (EPC A or B) may attract more buyers due to SDLT discounts.
New thresholds will require careful financial planning for those acquiring commercial properties.
As the property market reacts to these changes, here are some practical steps to consider:
Navigating SDLT changes can be challenging, but you don’t have to face it alone. At Burd Ward Solicitors, we specialise in property law and offer tailored legal advice to suit your needs. Our team of experts is here to support you with all aspects of conveyancing, from understanding SDLT rules to managing complex property transactions.
If you have questions about how the SDLT changes will affect you, get in touch with Burd Ward Solicitors. Let us provide the clarity and confidence you need for your property journey.