Stamp duty rates in 2024
Stamp duty in England and Northern Ireland changed once in 2024. On 31 October 2024 the additional-property surcharge rose from 3 percentage points to 5 percentage points and the flat rate for companies buying a home above £500,000 rose from 15% to 17%. A £400,000 home cost a home mover £7,500 throughout 2024, against £10,000 under the rates in force today.
The bars are what a home mover paid on a £400,000 home, the price people ask about most, in each part of 2024.
Work out a purchase in 2024
Pick when it completed, then the price and who was buying.
Stamp duty to pay
£7,500
1.88% of the price
- Tax on the bands
- £7,500
- Stamp duty to pay
- £7,500
The rates in force during 2024
2 sets of rates applied during the year, each for its own dates. Each portion of the price was taxed at the rate for its band.
Rates in force 23 September 2022 to 30 October 2024
| Portion of the price | Home mover | Additional property | Non-UK resident | Additional and non-UK resident |
|---|---|---|---|---|
| Up to £250,000 | 0% | 3% | 2% | 5% |
| £250,001 to £925,000 | 5% | 8% | 7% | 10% |
| £925,001 to £1,500,000 | 10% | 13% | 12% | 15% |
| Above £1,500,000 | 12% | 15% | 14% | 17% |
First-time buyers paid nothing on the first £425,000 and 5% to £625,000, on homes up to £625,000.
Rates in force 31 October 2024 to 31 March 2025
| Portion of the price | Home mover | Additional property | Non-UK resident | Additional and non-UK resident |
|---|---|---|---|---|
| Up to £250,000 | 0% | 5% | 2% | 7% |
| £250,001 to £925,000 | 5% | 10% | 7% | 12% |
| £925,001 to £1,500,000 | 10% | 15% | 12% | 17% |
| Above £1,500,000 | 12% | 17% | 14% | 19% |
First-time buyers paid nothing on the first £425,000 and 5% to £625,000, on homes up to £625,000.
What a £400,000 home cost in 2024
Worked out for a purchase completing in each part of the year, and under the rates in force today.
| Completing | Home mover | First-time buyer | Additional property | Non-UK resident |
|---|---|---|---|---|
| 1 January to 30 October 2024 | £7,500 | £0 | £19,500 | £15,500 |
| 31 October to 31 December 2024 | £7,500 | £0 | £27,500 | £15,500 |
| Today | £10,000 | £5,000 | £30,000 | £18,000 |
What changed in 2024
- On 31 October 2024 the additional-property surcharge rose from 3 percentage points to 5 percentage points and the flat rate for companies buying a home above £500,000 rose from 15% to 17%.
Contracts exchanged before a change
The completion date decides the bands and first-time buyer relief, even when contracts were exchanged under earlier rules. A contract exchanged before 31 October 2024, and not varied, assigned or sub-sold on or after that date, kept the 3 percentage points additional-property surcharge instead of 5 percentage points. A company contract exchanged before 31 October 2024, on the same conditions, kept the 15% flat rate instead of 17%.
Stamp duty in other years
Each year has its own page with the rates in force, the dates they changed and what a home cost.
Where to go next
- The rates in force today
The current bands, thresholds and every price page.
- Full stamp duty calculator
A purchase completing today, with the band breakdown.
- Reclaiming the surcharge
Getting the higher rates back after selling the old home.
- Commercial and mixed-use property
The non-residential rates, which these pages do not cover.
Stamp duty in 2024: questions
What were the stamp duty rates in 2024?
From 1 January to 30 October 2024: nothing up to £250,000, 5% to £925,000, 10% to £1,500,000 and 12% above £1,500,000. From 31 October to 31 December 2024: nothing up to £250,000, 5% to £925,000, 10% to £1,500,000 and 12% above £1,500,000.
How much stamp duty was there on a £400,000 home in 2024?
From 1 January to 30 October 2024: £7,500 for a home mover, £0 for a first-time buyer and £19,500 for an additional property. From 31 October to 31 December 2024: £7,500 for a home mover, £0 for a first-time buyer and £27,500 for an additional property. The same price costs a home mover £10,000 today.
Did stamp duty change in 2024?
Yes, once. On 31 October 2024 the additional-property surcharge rose from 3 percentage points to 5 percentage points and the flat rate for companies buying a home above £500,000 rose from 15% to 17%.
Was there first-time buyer relief in 2024?
From 1 January to 30 October 2024: First-time buyers paid nothing on the first £425,000 and 5% to £625,000, on homes up to £625,000. From 31 October to 31 December 2024: First-time buyers paid nothing on the first £425,000 and 5% to £625,000, on homes up to £625,000.
What was the second home stamp duty surcharge in 2024?
From 1 January to 30 October 2024: 3 percentage points on top of every band, on purchases of £40,000 or more. From 31 October to 31 December 2024: 5 percentage points on top of every band, on purchases of £40,000 or more.
Did non-UK residents pay more stamp duty in 2024?
All year: yes, 2 percentage points on top of every band.
Does the exchange date or the completion date decide the rates?
The completion date. The bands and first-time buyer relief in force on the day the purchase completes are the ones that apply, even when contracts were exchanged under earlier rules. The exceptions in 2024: A contract exchanged before 31 October 2024, and not varied, assigned or sub-sold on or after that date, kept the 3 percentage points additional-property surcharge instead of 5 percentage points. A company contract exchanged before 31 October 2024, on the same conditions, kept the 15% flat rate instead of 17%.
Does this cover Scotland and Wales?
No. These are Stamp Duty Land Tax rules, which apply in England and Northern Ireland only. Scotland charges Land and Buildings Transaction Tax and Wales charges Land Transaction Tax, each with its own bands and its own rules for companies, leases and shared ownership.
Where these figures come from
These figures are worked out from the rules in force on each completion date for a straightforward residential purchase; the facts of a particular purchase decide what was actually due.
The official rates for each period
- Stamp Duty Land Tax rates: 23 September 2022 to 30 October 2024 on GOV.UK, checked 12 September 2026
- Stamp Duty Land Tax rates: 31 October 2024 to 31 March 2025 on GOV.UK, checked 12 September 2026