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In September, the government said a cut in stamp duty land tax in England and Northern Ireland for some house buyers would be permanent.
The price at which stamp duty is paid was doubled from £125,000 to £250,000 (£425,000 for first time buyers) and discounted stamp duty for first-time buyers applied to properties up to £625,000, rather than £500,000.
The chancellor has now introduced a deadline, which will see these cuts reversed at the end of March 2025.
Probably ideal to start looking for that new home now rather than wait until March 2025. Any member of our Property Services Team will be happy to help with enquiries or assist in advising on the steps to be taken when buying or selling property.
Email us at email@example.com.
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute, legal advice, and should not be relied upon as advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. All content was correct at the time of publishing. Legal advice should always be sought in relation to specific circumstances.