I am a first-time buyer in England looking to purchase a freehold residential property for £350,000. Use the SDLT calculator to determine my stamp duty liability. Additionally, find out what the maximum property value is for a first-time buyer to pay no stamp duty at all.
Navigate to 'https://www.stampdutycalculator.org.uk/'. Click on the 'Stamp duty calculations' link (ID 96). Locate the SDLT calculator on the page. Enter '350000' into the 'Purchase Price' field. Ensure 'First Time Buyer' is selected or applicable. Click the 'Calculate SDLT' button. Note the calculated stamp duty liability. Find the section detailing first-time buyer relief and identify the maximum property value for zero stamp duty. State the calculated stamp duty and the maximum property value for no stamp duty.
The agent successfully navigates to the SDLT calculator. The agent correctly inputs £350,000 as the purchase price. The agent confirms the 'First Time Buyer' status is applied. The agent states the calculated stamp duty liability for a £350,000 first-time buyer property in England as £0. The agent identifies and states that the maximum property value for a first-time buyer to pay no stamp duty is £425,000.