If the property you are purchasing is £300,000 or less £300,000 or less first-time buyers will pay no Stamp Duty (SDLT). If you are paying between £300,000 and £500,000 you will pay SDLT at 5% on the amount of the purchase price in excess of £300,000, a reduction of £5,000 compared to the amount of SDLT you would have previously paid.