The nil rate threshold is £125,000.
• First-time buyers: no tax to pay on properties up to £300,000.
Thresholds and % rates as follows:
- £125,001 – £250,000 – 2%
- £250,001 – £925,000 – 5%
- £925,001 – £1.5m -10%
- Above £1.5m – 12%
Surcharge on additional properties (Buy-To-Let/Second Homes) is 5%.
Non-UK Residents pay the standard rates above + a 2% surcharge.