Stamp Duty Changes
From 23rd September, the Stamp Duty Land Tax to be paid on the purchase of residential property doubled from £125,000 to £2500,00 meaning that the 2% tax rate has been abolished.
This can save purchasers a potential £2,500 💰
Although no a considerable saving, it's a hint at the measures the government could take to keep the property market moving.📈
There are also increased base lines for first time buyers 🏡
Although no a considerable saving, it's a hint at the measures the government could take to keep the property market moving.📈
There are also increased base lines for first time buyers 🏡
See the new rates below:
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