Stamp Duty Shake-Up for First Time Buyers

Wednesday 22nd November 2017

In the Budget, the Chancellor has announced a Stamp Duty shake-up aimed at first time buyers.

For transactions completing on or after 22 November 2017, first time buyers will pay no stamp duty on house purchases up to £300,000 and 5% on any part of the purchase price between £300,001 and £500,000. As ever there is small print to consider but HMRC has produced a guidance note to help buyers work out if they are eligible:

https://www.gov.uk/government/publications/stamp-duty-land-tax-relief-for-first-time-buyers-guidance-note

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