The stamp duty threshold is the price at which Stamp Duty Land Tax (SDLT) starts to apply when buying a residential property or land in England and Northern Ireland. If the property is bought for less than the threshold, there is no SDLT to pay. The current SDLT thresholds are:

• £250,000 for residential properties
• £425,000 for first-time buyers buying a residential property worth £625,000 or less
• £150,000 for non-residential land and properties

There are different rates for SDLT depending on whether the property is a main residence, a second home, or a buy-to-let investment. The rates also depend on the price of the property and whether the buyer is a first-time buyer or an existing homeowner.

It is important to note that the stamp duty threshold and rates can change over time. For example, the threshold was increased from £125,000 to £250,000 in September 2022. It is recommended to check the current threshold and rates before purchasing a property.