Stamp Duty abolished immediately for first time buyers on properties under £300,000.
Stamp Duty has been abolished for first time buyer buying properties under £300,000. The change was announced by the chancellor in todays budget.
First time buyers purchasing properties between £300,000 to £500,000 will also see a reduction in the amount of SDLT they pay. The chancellor estimates that this will result in 80% of first time buyers not having to pay any stamp duty.
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