❗❗❗STAMP DUTY CHANGE ANNOUNCEMENT ❗❗❗

PERMANENT REDUCTION IN STAMP DUTY ON HOME PURCHASES A MINIMUM £2500 SAVING FOR EVERYONE PURCHASING A HOME The government have just announced that STAMP DUTY on housing purchases has changed. These are PERMANENT CHANGES, and not just a holiday period. This is as of IMMEDIATE effect.

⭐️ The £125,000 first level of stamp duty level increases to £250,000 before any stamp duty is due. This benefits EVERYONE, not just first time buyers, a saving of £2500.

⭐️ First time buyers currently pay no stamp duty on the first £300,000, that will be raised to £425,000.

⭐️ The value of the property on which first-time buyers can claim relief, increases from £500,000 to £625,000.

The steps taken today mean 200,000 more people will be taken out of paying stamp duty altogether.

If you have a current purchase and have not exchanged OR completed you will benefit from this change.

If you have any questions or if we can help you with a house move that may now be possible, please do get in touch.

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

Send a message or give us a call on 01992 641 500 or 01992 917 111 ☎️

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