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Yesterday’s budget – Stamp Duty



November 23 , 2017 | Posted by Njlewis | No Comments

Yesterday’s budget – Stamp Duty

Yesterday’s budget abolished stamp duty immediately for first-time buyers purchasing properties worth up to £300,000.

To help those in London and other expensive areas, the first £300,000 of the cost of a £500,000 purchase by all first-time buyers will be exempt from stamp duty, with the remaining £200,000 incurring 5%. Above £500,000 there is no change.

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