The bands and rates for properties in Scotland and in Wales differ to England and Northern Ireland. How much you pay depends on whether the land or property is residential use or non-residential or mixed-use.
If you are buying a residential property there are different rates of SDLT if:
- you’re a first-time buyer.
- you already own property and are buying an additional property.
- you’re not a UK resident.
If you’re a first-time buyer in England or NI, you don’t need to pay stamp duty on properties worth up to £300,000. In Scotland, first-time buyer relief is £175,000. Wales does not have first-time buyer relief.
If you don’t own a property and you buy property tokens on Proptee, don’t worry, it will not affect your first-time buyer discount.