Changes to stamp duty in Northern Ireland

Stamp duty thresholds in Northern Ireland change on 1 July 2021. Buyers will continue to pay reduced rates of stamp duty until 1 October 2021, at which point rates will revert to pre-pandemic levels. 

Stamp duty in Northern Ireland from 1 July 2021

The stamp duty rates from 1 July 2021 are

• 0% on any amount up to £250,000, (or £300,000 if you are a first-time buyer)
• 5% on any amount between £250,001 and £925,000, (unless you are a first-time buyer)
• 10% on any amount between £925,001 and £1.5 million
• 12% on any amount over £1.5 million

There are different rules if

• you are already a property-owner and you are buying an additional property
• you are not a UK resident, or
• you are buying non-residential property.

First-time buyers

First-time buyers will be entitled to a discount on their stamp duty from 1 July 2021. They will pay

• zero stamp duty on purchases under £300,000
• 5% on the amount between £300,000 and £500,000

If a first-time buyer purchases a home valued at more than £500,000 they will pay the same stamp duty rates as a person who has bought a home before.

You are a first-time buyer if you have never owned a property before. You can only get the first-time buyer rates if everyone named in the purchase is a first-time buyer.

Stamp duty on additional homes

You will pay an extra 3% charge if you are buying a second or additional home.

You may be able to reclaim this surcharge if you are buying a second home to replace your main residence and if you sell your former home within a certain amount of time. Speak to your solicitor to check if you can claim this money back.

Stamp duty in Northern Ireland from 1 October 2021

Stamp duty rates will revert to pre-pandemic levels from 1 October 2021. You will pay stamp duty if your purchase price is over £125,000.

The rates will be

• 0% on any amount up to £125,000
• 2% on any amount between £125,001 and £250,000
• 5% on any amount between £250,001 and £925,000
• 10% on any amount between £925,001 and £1.5 million
• 12% on any amount over £1.5 million.

First-time buyers will continue to get the discounted rates above.

How much stamp duty will you pay?

Use HMRC’s stamp duty calculator to work out how much stamp duty you will pay. Stamp duty is calculated on the total amount you pay for the property.