Stamp Duty Land Tax: First Time Buyers
Lords · Question HL324 · Tabled 20 May 2026 · Treasury · Official record
Answered 4 Jun 2026
Question
Asked by Lord Jamieson
To ask His Majesty's Government what assessment they have made of whether the reduced first time buyer stamp duty threshold (1) discourages individuals from buying flats as their first property, or (2) encourages individuals to delay their purchase until
Answer
Answered by Lord Livermore, 4 Jun 2026
First time buyers benefit from paying no Stamp Duty Land Tax (SDLT) up to £300,000 and pay a reduced rate on purchases up to £500,000. This includes those buying flats and larger properties under the threshold. 155,400 transactions benefited from First-Ti...