Stamp duty Land Tax (SDLT) is the tax you must pay if you buy a property or land over a certain price in England and Northern Ireland. As of 22 November 2017 in England, Wales & NI, First Time Buyers (who have never previously owned a property anywhere in the world) will not pay SDLT on the first £300,000 on all property purchases up to £500,000, a saving of up to £5000. Purchases over £500,000 will incur the full SDLT. The discount does not apply to Buy to Let properties. Also due to covid-19, the stamp duty holiday is in place currently till end of September 2021. Depending on your circumstances stamp duty might be applicable.