What is stamp duty - and do I have to pay it?
First time buyers' club, Moving home
As of 8th July 2020 residential buyers do not have to pay Stamp Duty Land Tax (SDLT), the tax you pay when you buy a house, unless the house you're buying is worth more than £500,000. This is in force until 31st March 2021 when previous SDLT rules will apply where only first time buyers are exempt from this tax up to £500,000 or other buyers purchasing houses under £125,000.