OUR BLOG

Abolishing Stamp Duty Land Tax for Certain First-time Buyers
23 Nov 2017
Share

Abolishing Stamp Duty Land Tax for Certain First-time Buyers

With immediate effect, first-time buyers will pay no stamp duty on homes costing no more than £300,000.

They will pay the normal rates of stamp duty on the price above that. This will save £1,660‎ on the average first-time buyer property.

80% of people buying their first home will pay no stamp duty, but there will be no relief for those buying properties over £500,000.