Written Question·Treasury·UIN 31860
First Time Buyers: Stamp Duties
Tabled: 21 February 2025
Answered: 27 February 2025
Question
John Glen
Conservative — Salisbury
To ask the Chancellor of the Exchequer, pursuant to the Answer of 7 January 2025 to Question 20947 on First Time Buyers: Stamp Duties, what the average stamp duty paid was by people who claimed first time buyers’ relief in the 2023-24 tax year; how many s
Answer
James MurrayIn 2023 to 2024, there were 113,100 transactions above the nil-rate band threshold of £250,000 that claimed First-Time Buyers’ Relief (FTBR) in the Stamp Duty Land Tax (SDLT) return. These transactions paid an average of £900 in SDLT. Estimates for 2025 t...
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