Stamp Duty Contribution
What is stamp duty?
Stamp duty land tax (SDLT) is a progressive tax paid when purchasing a freehold, leasehold or shared ownership residential property over £125,000 in England and Northern Ireland (separate taxes apply in Wales and Scotland).
The rates, which are payable only on the portion of a property price that falls within each band, were updated from the 1 April 2025 and are set out below. Rates are higher for buy-to-let or second homes.
How much is stamp duty?
| Brackets | Rate |
| Up to £125,000 | 0% |
| The next £125,000 (the portion from £125,001 to £250,000) | 2% |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
How does it work?
To counter the reintroduction of lower stamp duty thresholds, Higgins Homes are paying up to £50,000 in stamp duty contributions*, enabling buyers who could be hit with unexpected fees to save thousands. This offer applies to selected developments and plots only.
Available on this development
FAQs
Who pays stamp duty?
Stamp duty tax applies to all residential property purchases over a threshold of £125,000. First-time property buyers are subject to stamp duty tax but the rates differ.
Let's look at two examples:
In April 2025 you buy a property for £850,000. The SDLT you owe will be calculated as follows:
- 0% on the first £125,000 = £0
- 2% on the second £125,000 = £2,500
- 5% on the final £600,000 = £30,000
Total SDLT = £32,500
In April 2025, you buy a property for £850,000 as a first-time buyer. There is no relief for first-time buyers if the property value is higher than £500,000, so the calculation would be the same as the example given above.
However, as a first-time buyer you buy a property for £500,000, the SDLT you owe will be calculated as follows:
- no SDLT up to £300,000 = £0
- 5% SDLT on the portion from £300,001 to £500,000 = £10,000
Total SDLT = £10,000
Can I use the stamp duty contribution alongside another incentive?
The stamp duty contribution incentive cannot be applied in conjunction with any other offers or selling schemes. This offer is applicable on new reservations only and is subject to qualification and lender criteria. We reserve the right to withdraw this offer at any time.
Quotes title here
“Higgins Homes made the whole process straight forward and easy. The flats are high quality finish as well. For a first time buyer like myself , the purchase was perfect. ”
The Garratt Collection - H.W.
“Not only does the apartment tick all the right boxes in terms of its price, location and space, the Higgins Homes team were great to deal with. ”
Ecole - P.B
**Stamp duty contribution, which cannot be more than 5% of the property asking price or a maximum of £50,000, will be deducted from the house purchase completion statement. Subject to lender criteria, qualification, and acceptance of cash incentives. Available on selected developments and plots. Stamp duty contribution cannot be taken in conjunction with any other incentive offer.
