Who pays Stamp Duty?
Anyone buying a property or piece of land worth over a certain amount has to pay Stamp Duty in England and Northern Ireland.
This could be when buying your first property if it’s over a certain amount, a second home or when you’re moving house.
Do first-time buyers pay Stamp Duty?
If you're a first time buyer in England and Northern Ireland, you will not have to pay Stamp Duty on the first £425,000 of a property's purchase price and then 5% for any amount above £425,000 up to £625,000.
If the purchase price is over £625,000, you will pay Stamp Duty at the home mover rate.
When do you pay Stamp Duty?
When buying a house in England or Northern Ireland, you have 14 days from the completion date to pay Stamp Duty.
This law came into effect in March 2019. Previously it was 30 days. Late payments can result in a fine and added interest.