Send us a message
Fill in our form and we'll get back to you as soon as possible
Contact our offices
Make an enquiry
The chancellor announces a cut to the Stamp Duty Land tax in England and Northern Ireland.
The cut raises the threshold of how much a property has to cost before stamp duty is paid to £250,000.
First time buyers currently pay no stamp duty on the first £300,000, that will be raised to £425,000.
The Chancellor announced on Friday 23rd September 2022, "And we’re going to increase the value of the property on which first-time buyers can claim relief, from £500,000 to £625,000. The steps we’ve taken today mean 200,000 more people will be taken out of paying stamp duty altogether. This is a permanent cut to stamp duty, effective from today."