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    Home - News Briefing - Mapped: The areas of England and Northern Ireland where stamp duty rises will hit hardest
    News Briefing Updated:February 19, 2025

    Mapped: The areas of England and Northern Ireland where stamp duty rises will hit hardest

    By David Pike1 Min Read
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    Mapped: The areas of England and Northern Ireland where stamp duty rises will hit hardest

    The stamp duty changes could add an extra £1.1 billion annually in the tax to government coffers

    Mapped: The areas of England and Northern Ireland where stamp duty rises will hit hardest

     The proportion of first-time buyers in England and Northern Ireland who will need to pay stamp duty will double from April, according to analysis by a property website.

    Currently, 21 per cent of first-time buyers pay the tax, but Zoopla estimates this will surge to 42 per cent after the upcoming changes. Existing homeowners aren’t immune either, with the proportion liable for stamp duty predicted to jump from 49 per cent to a staggering 83 per cent.

    These shifts are driven by reductions in stamp duty discounts.

    The “nil rate” band, the threshold below which no stamp duty is paid, will shrink from £425,000 to £300,000 for first-time buyers.

    Mapped: The areas of England and Northern Ireland where stamp duty rises will hit hardest

    https://www.independent.co.uk/news/uk/home-news/map-uk-stamp-duty-areas-b2700300.html

    Breaking News Housing Crisis London news stamp duty The Independent UK featured Zoopla
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    David Pike

    David Pike is an experienced news journalist with over 20 years experience as a UK News editor for WTX News and other news publications.

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