What is Stamp Duty | Stamp Duty Explained | Hodson Developments

Stamp Duty on Your New Build Home at Chilmington Lakes

When buying a new  home, it’s important to understand Stamp Duty Land Tax (SDLT). The amount you pay depends on your purchase price and whether you’re a first-time buyer or moving home.

Who Pays Stamp Duty?

First-time buyers – Pay no stamp duty on homes up to £425,000

Home movers – Pay standard rates starting from 5% above £250,000

Second-home buyers & investors – Pay an additional 3% surcharge

Stamp Duty Rates 

Up to £250,000 – 0%

£250,001 – £925,000 – 5%

Over £925,000 – Higher rates apply

Your solicitor will handle the payment, which must be made within 14 days of completion.

Upcoming Changes – March 31st 2025

New stamp duty rules are expected from March 31st. These may include threshold adjustments and new relief options. Check back soon for updates.

Buying Your New Build Home With Hodson Developments 

At Hodson Developments  we’re here to help you every step of the way. Explore our collection of stunning  2- and 3-bedroom houses and 2-bedroom Apartments and Penthouses  and get expert guidance on stamp duty and the buying process.

To find out more about our collection of  new homes  at Chilmington Lakes please contact our dedicated team of professional Sales Consultants on 01233 225 701.
Our Sales and Marketing Suite is open 7 days a week from 10am to 5pm

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