First Time Buyers: Stamp Duties
The question
To ask the Chancellor of the Exchequer, what estimate she has made of the number of first-time buyers paying stamp duty in (a) 2024-25 and (b) 2025-26; and what the average amount of stamp duty a first time buyer will pay in each year is.
Answered by James Murray
An estimate of the number of first-time buyers paying Stamp Duty Land Tax (SDLT) and average amount of SDLT paid by first-time buyers is not available because there is limited information on first-time buyers. HMRC can only identify First Time Buyers that are claiming First Time Buyers’ Relief in the SDLT return.
First Time Buyers purchasing a property for less than £250,000 do not need to claim First Time Buyers’ Relief under current SDLT rates and those purchasing a property for more than £625,000 are not eligible to claim the relief.
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