Stamp Duty suspended for First Time Buyers

We have just heard in the Budget that Stamp Duty has been suspended for all First Time Buyers up to a purchase price of £300,000 with immediate effect. For those buying above this figure but below £500,000, there will be no Stamp Duty payable on the first £300,000.

This a great news for First Time Buyers offering a saving of up to £5,000.

The HMRC have guidance notes regarding this Stamp Duty relief for First Time Buyers, which can be found here.

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