Home movers face paying an extra £2,500 in stamp duty on the average-priced home in England next week, analysis by Coventry Building Society shows.
The bill will rise from £2,028 to £4,528 on April 1, when the nil-rate threshold for home movers drops from £250,000 to £125,000.
The lender also calculated how much tax will be due based on the average house price in each region of England.
| Region | Average House Price | Stamp Duty on average house price now | Stamp Duty on average house price from April |
| North East | £161,389 | £0 | £727 |
| Yorkshire & The Humber | £203,983 | £0 | £1,579 |
| North West | £211,030 | £0 | £1,720 |
| East Midlands | £242,036 | £0 | £2,340 |
| West Midlands | £244,369 | £0 | £2,387 |
| England | £290,564 | £2,028 | £4,528 |
| South West | £305,843 | £2,792 | £5,292 |
| East of England | £340,385 | £4,519 | £7,019 |
| South East | £383,605 | £6,680 | £9,180 |
| London | £548,939 | £14,946 | £17,446 |
Current thresholds have been in place since September 2022 and since then the Treasury has taken more than £32.3bn in property tax.
Coventry head of intermediary relationships Jonathan Stinton says: “The upcoming changes to Stamp Duty mean home movers across England will soon be paying thousands more when they buy their next home.
“Many buyers will have to stretch their savings, reduce their deposit, or even borrow more on their mortgage to cover the tax hike.
“That’s why it’s so important for buyers to factor in the new thresholds when planning their next move, and to seek advice on how best to manage their budget in light of these changes.”
