The amount of tax you pay when you buy a property depends on several factors including:
- the country the property is in
- how much you paid for it
- whether it is your main home.
Stamp duty land tax was abolished for most first-time-buyers in England and Northern Ireland on 22 November 2017. People who buy a home worth between £300,000 and £500,000 will not pay stamp duty on the first £300,000. They will pay normal rates on the price above £300,000.
The Scottish government is consulting on whether to scrap land and buildings transaction tax on properties up to £175,000 for first-time buyers.
There are no specific rules for first-time buyers in Wales.