Stamp duty for first-time buyers purchasing homes worth up to £300,000 has been abolished.
Delivering the Autumn Budget, Chancellor Philip Hammond has announced the abolition of the tax in a bid to help those trying to get on the housing ladder.
For those buying a home worth up to £500,000, Hammond also announced that they will not have to pay stamp duty on the first £300,000. He stated that this measure is to help those in high-priced areas such as London.
More details on this to follow.
You’ll receive the latest updates, analysis, and best practice straight to your inbox.
If you receive an email purporting to come from Today’s Conveyancer or a Firm member, or if you are directed to a website which purports to be Today’s Conveyancer’s website, and you have doubts or concerns about the provenance of the email or website, before taking any action please either contact the Firm member you normally deal with or email David Opie on david.opie@todaysmedia.co.uk and they will tell you whether the email came from us or whether it is our website.
