Guidance

Stamp Duty Land Tax: relief for first time buyers - guidance note

This guidance note explains the relief for first time buyers announced at Autumn Budget 2017.

Documents

Details

At Budget 2017, relief from stamp duty land tax (SDLT) was introduced for first time buyers. The relief applies from 22 November 2017 to purchases of residential property for £500,000 or less, provided the purchaser intends to occupy the property as their only or main residence.

On 29 October 2018 the relief was extended to first time buyers purchasing through approved shared ownership schemes who choose to pay SDLT in stages. This will apply from 22 November 2017.

Published 22 November 2017
Last updated 28 November 2018 + show all updates
  1. Question 21 in the 'Questions and Answers' section of the attachment has been updated.
  2. The relief has been extended to first time buyers purchasing through shared ownership schemes who choose to pay Stamp Duty Land Tax in stages.
  3. First published.