Stamp Duty Paid

Stamp Duty holiday for home buyers. The changes mean if you buy a home up to the value of £500,000, you won’t need to pay any Stamp Duty, and even if you are buying a property over £500,000, you will make a saving. So now could be a great time to buy your new home.

What is Stamp Duty?

Stamp Duty is the tax charged by the Government when you buy a home. Following the Government announcement in England no Stamp Duty is payable on homes up to £500,000. For homes over £500,000 you could save £15,000.

Stamp Duty in Scotland is now referred to as the Land and Buildings Transaction Tax (LBTT) and is charged when you buy a home of more than £250,000.

See more detail on LBTT (Scotland)

Stamp Duty in Wales is now referred to as the Land Transaction Tax (LTT) and is charged when you buy a home of more than £250,000 from 27th July 2020.

See more detail on LTT (Wales)

Stamp Duty

How much is Stamp Duty?

David Wilson Homes

For homes over £500,000 there is still no Stamp Duty to pay on the first £500,000, then the following rates apply:

Purchase Price

Stamp Duty %

£0 to £500,000

0% (Zero)

£500,001 to £925,000

5%

£925,001 to £1,500,000

10%

Over £1,500,000

12%

What if I am an investor or own more than one property?

If you are buying an investment property or an additional home, the following rates will apply to your purchase:

Purchase Price

Stamp Duty %

£0 to £500,000

3%

£500,001 to £925,000

8%

£925,001 to £1,500,000

13%

Over £1,500,000

15%

David Wilson Homes

How could we pay it for you?

David Wilson Homes

Legally, when purchasing a home, the purchaser has to pay the Stamp Duty land tax on their purchase. However, on selected plots, we may be able to make a contribution towards your Stamp Duty - just ask the Sales Adviser at the development.

Should you proceed with this offer, your solicitor will deduct the agreed contribution from the purchase price that is paid to us and allocate it to the Stamp Duty payment on completion of the purchase of your new home.

For more details just ask one of our Sales Advisers at any of our developments.

Click to read the full Terms and Conditions.