HMRC have communicated  that the sunsetting of the temporary residential rates of SDLT - introduced by the previous government in 2022, during COVID - will go ahead as planned on 31 March 2025

This will be for transactions with an effective date on or after 1 April 2025

• The residential nil rate band will revert to £125,000
• The first-time buyers’ relief nil rate band will revert to £300,000
• The maximum purchase value for first-time buyers’ relief will revert back to £500,000