Take Advantage of Reduced Stamp Duty Until 31st March 2025

If you’re in the market for a new home, it is worth noting that the current reduction in Stamp Duty rates is due to end on the 31st March meaning that the clock is ticking to ensure your new home purchase is legally completed before this deadline to benefit from this saving. At Jones Homes, we’re excited to help buyers make the most of this limited-time offer, and with our collection of high-quality new build homes for sale, there’s never been a better moment to take the next step on the property ladder. Selected Jones Homes may also be eligible for help towards any further Stamp Duty costs.

What is the ‘Stamp Duty Holiday’?

The temporary reduction in Stamp Duty Land Tax (SDLT) applies to residential properties in England and significantly lowers the cost of purchasing your new home. This means that whether you’re a first-time buyer or already a homeowner, you could benefit from a substantial saving when you buy one of our new build houses. The current Stamp Duty threshold is raised to £250,000, meaning you won’t pay any Stamp Duty on homes below this value until the end of March 2025. For first-time buyers, the threshold is even higher at £425,000.

How much could I save?

One of the most attractive reasons to buy a new build home from Jones Homes now is the potential savings on Stamp Duty. For example, if you purchase a property worth £300,000, the Stamp Duty would typically be £5,000. However, under the current reduced rates, you would only pay £2,500. That’s a significant saving which could be used towards furnishings, upgrades or simply making your move easy and seamless. See how much you could save by visiting the UK Government’s Stamp Duty calculator.

The amount of Stamp Duty paid on a property depends on the value of the property. At the moment, properties up to £250,000 are exempt from the property tax, with those above, having a SDLT rate that increases incrementally. For properties between £250,001 and £925,000 this is 5%, for those between £925,001 and £1.5 million it is 10%, and for anything over that the rate is 12%. You will usually have to pay 3% on top of these SDLT rates if buying a new residential property means you’ll own more than one. However you can apply for a refund if you sell your previous main home within 36 months.

Currently, during this Stamp Duty holiday, first time buyers are exempt from the tax on properties up to £425,000. This will revert to its previous £300,000 threshold from 31st March 2025. Those first-time buyers looking to purchase a new build home can take advantage of savings on properties over £425,000 as well. On a property purchased for £450,000 for example, first-time buyers will pay £1,250 in Stamp Duty if completing before 31st March 2025, compared with £7,500 if the sale is completed after that date.

How long is this in place for?

Initially announced on 23rd September 2022, the UK Government announced that this Stamp Duty holiday would be in place until 31st March 2025.

Why choose a Jones Home?

Jones Homes is a renowned, independent house builder with a commitment to delivering high-quality, thoughtfully designed homes that stand out in the marketplace. Our properties are built with care, offering open-plan living spaces, energy-efficient features and premium finishes that make your everyday life both stylish and practical.

When you choose a Jones Home, you’re investing in more than just a property – you’re investing in a lifestyle. Our developments are located in desirable areas across the UK, offering everything from convenient transport links to stunning countryside views. Each new build home is designed to suit modern living, whether you’re a growing family, a downsizer, or someone looking to step onto the property ladder. Throughout the process of buying a Jones Home, you will be guided by our expert Sales Advisors who are available to help you every step of the way, from finding the right home to understanding how the Stamp Duty holiday can benefit you.

After your purchase, your new build home is covered by a 2-year Jones Homes warranty to help with any teething issues after you’ve moved in. after which the NHBC Buildmark warranty will provide extensive coverage against major structural defects and weather-proofing failures for further eight years. This coverage will give you and your family the important peace of mind and protection needed to enjoy your new home.

Get in touch today

Don’t miss out on the chance to make the most of the Stamp Duty reduction and move into a brand-new home that suits your lifestyle. Visit your local Jones Homes development today to arrange a visit. With the Stamp Duty holiday running until 31st March 2025, now could be the best time to secure your new build home and start the next chapter of your life.