Stamp duty SLASHED to help get families on the housing ladder

Stamp duty SLASHED to help get families on the housing ladder: NO tax to pay on the first £250,000 of a home’s value and first-time buyers will pay NOTHING on buildings costing up to £425,000

Stamp duty was slashed today as the Government seeks to stimulate the housing market and help more families into their first homes.

The Chancellor raised the threshold at which stamp duty is paid from the first £125,000 of a property’s value to £250,000, good news for people upsizing.

And there was  even more good news for first-time buyers, who will not have to pay any stamp duty on properties bought for £425,000 or less, up from £300,000. They will also be able to claim relief on the first £625,000, up from £500,000.

Read the Full Article Here Dailymail

Written by Bourbiza Mohamed

A technology enthusiast and a passionate writer in the field of information technology, cyber security, and blockchain

Leave a Reply

Your email address will not be published.

MP Tracey Crouch claims Prime Minister Liz Truss ‘made promises’ for a football regulator

Kwasi Kwarteng: from Eton prefect to Britain’s tax-slashing first black Chancellor