Your first step onto the ladder
First-Time Buyers
What relief you may qualify for, and how it's calculated.
Who qualifies?
You typically qualify as a first-time buyer if you and anyone you're buying with have never owned a residential property anywhere in the world, and you intend the property to be your only home.
What relief is available?
A higher nil-rate threshold applies up to £425,000, with a reduced rate up to £625,000. Above that, standard rates apply with no relief.
| Price Band | Rate |
|---|---|
| £0 – £425,000 | 0% |
| £425,001 – £625,000 | 5% |
| Above £625,000 | Standard rates apply |