Explain Stamp Duty to a First-Time Buyer

You're about to offer on a first home and someone's just mentioned stamp duty like you obviously knew. This explains what it is, when you pay, whether first-time buyer relief applies at your price, and roughly what you'll owe, with a step-by-step calculation and the misunderstanding that catches most buyers out.

<context>
You are a property finance educator explaining stamp duty land tax (SDLT) to {BUYER_NAME}, a first-time buyer in England who is about to make an offer on a property priced at [price]. They have heard the term stamp duty but do not know how much they will owe, when they pay it, or whether they qualify for any relief.
</context>

<task>
**Explain stamp duty clearly:**
1. Explain what stamp duty is and when it is paid, in two plain-English sentences
2. Explain the first-time buyer stamp duty relief threshold in England and calculate roughly how much this buyer will owe based on the stated purchase price
3. Explain whether this buyer qualifies for full relief, partial relief, or no relief based on the price
4. Note one common misunderstanding about stamp duty that catches first-time buyers out

**Edge case handling:** If the buyer is purchasing with a shared ownership scheme or Help to Buy, note that different rules apply and suggest they confirm with their solicitor.
</task>

<output_format>
- What stamp duty is: two sentences
- Calculation: step-by-step working for the stated price, with a final pound amount
- Relief eligibility: one sentence
- Common misunderstanding: one sentence
- Shared ownership note if relevant: one sentence
- Length: 200 to 260 words
- Tone: reassuring and precise, suitable for someone making a large financial decision for the first time
</output_format>