Stamp Duty Reform: What It Means for You and How We’ll Support Our Clients
The government is considering reforms to Stamp Duty Land Tax (SDLT), with significant changes being discussed at Treasury level. While no legislation has been published, it has been widely reported that ministers are exploring a shift from a buyer-paid SDLT to a seller-paid property tax on higher-value homes. At the same time, a separate consultation is looking at how council tax is administered. If taken forward, these reforms would mark one of the biggest changes to UK property taxation in decades.
At Charles Bainbridge, we see these potential changes as an opportunity. Reducing the upfront burden on buyers could unlock the market, increase confidence, and bring benefits for both buyers and sellers. Most importantly, we’re ready to guide our clients through any transition, from proposal to implementation.
What’s Being Discussed
Who pays: Reports suggest sellers of homes above a certain value could pay a property tax instead of buyers paying SDLT. The structure (one-off vs ongoing, percentage rate, exemptions) has not been confirmed.
Thresholds: A figure of around £500,000 has been cited in media coverage, but this is indicative only and could change.
Scope: Early reporting suggests only a minority of transactions would be affected compared with the wider reach of SDLT today, but the scale depends on final thresholds.
Council tax: The government’s live consultation focuses on modernising administration and billing of council tax. It does not currently propose a revaluation of property bands, though bands in England are still based on 1991 values, which many regard as outdated.
Why This Could Be Positive
For Buyers
Lower upfront costs if SDLT is reduced or removed at purchase, freeing funds for deposits or improvements.
Easier moves for families and first-time buyers if entry costs fall.
More stable chains as affordability pressures at the point of purchase are reduced.
(Effects remain dependent on the final policy design.)
For Sellers
Stronger buyer demand as reduced costs attract more interest.
Sustainable prices through competition among motivated buyers.
Resilient local market in Canterbury and the surrounding villages, where demand for quality homes remains high.
(Outcomes will depend on the final rules and market conditions.)
How Charles Bainbridge Will Support You
Whether these proposals become law or not, our role is to keep you informed and well-positioned:
Tailored valuations, factoring in possible tax shifts so you know your true net proceeds.
Targeted marketing, highlighting buyer affordability gains to maximise demand.
Timing guidance, advising on whether to act now or later based on the evolving picture.
Firm negotiation, ensuring offers remain fair if buyers attempt to adjust bids.
Expert chain management, working with solicitors and lenders to keep transactions moving.
Professional connections, introducing trusted legal and mortgage advisers to help you plan ahead.
What Remains Unknown
No legislation or timetable has been published for SDLT reform.
The rate, design and exemptions of any seller-paid tax are unconfirmed.
The position of second homes and investment properties is unclear.
Council tax work is currently about administration, not revaluation.
Call us on 01227 780227 or visit our Canterbury office to discuss your move and how we can help you achieve the best result in this new market.