Stamp Duty – Cut

ByMichael Morrison

Stamp Duty – Cut

Conveyancing solicitors are looking forward to an upturn in work volumes due to the recent Budget announcement by the Chancellor that stamp duty is abolished for first-time buyers of homes up to the value of £300,000. For properties that are up to £500,000 first-time buyers will not pay stamp duty on the first £300,000 and 5% from £300,000 – £500,000.

 

 

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