Stamp duty
In a bid to stimulate the property market, the Treasury has also raised stamp duty thresholds for people buying property in England and Northern Ireland. These changes will come into effect from today.
- No stamp duty will be payable on the first £250,000 of a property’s price (vs the previous threshold of £125,000)
- For first-time buyers, that threshold rises to £425,000 (vs £300,000).