Please be aware that with effect from 1 April 2025 the following changes are being made to the Stamp Duty Land Tax (‘SDLT’) regime:

• The threshold for payment of SDLT on a residential transaction reduces from £250,000 to £125,000.
• The threshold for claiming First Time Buyer relief reduces from £425,000 to £300,000
• The maximum price of a purchase on which you can claim First Time Buyer relief reduces from £625,000 to £500,000

These changes will likely affect the amount of SDLT that you pay. They are applicable and effective from the date of completion and not exchange of contracts.  The 31^st March 2025 is therefore the last day for completions at the lower rates.

The timescale for a property transaction is impacted by many factors and third parties. We are not able to control these and cannot guarantee a completion date prior to the changes. We accept no responsibility for a buyer’s additional tax liability as a result.

Further information can be found here: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates