Stamp duty cut remains
Thousands of homebuyers are still set to save up to £6,250 as a cut to stamp duty will stay in place.
Stamp duty land tax (SDLT) is a lump sum payment you have to make when purchasing property over a certain threshold.
Under the previous system, no stamp duty was paid on the first £125,000 of any property purchase.
The government doubled that in last month’s mini-Budget – to £250,000 – for all home purchases.
The threshold at which the duty was paid for first-time buyers was £300,000. But this increased, to £425,000.
