‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut

Property-hunters on how permanent reduction for purchases in England and Northern Ireland will affect them

The UK chancellor, Kwasi Kwarteng, has announced a permanent stamp duty reduction for property purchases in England and Northern Ireland – a move that forms part of a mini-budget critics say will reward the rich more than those on lower incomes.

Under the new system, effective from Friday, the first £250,000 of a property’s value will be exempt from stamp duty. Buyers will pay 5% of the value of the home from £250,001, while the portion between £925,001 and £1.5m will continue to be taxed at 10%. Any property worth more than that will be subject to stamp duty rates of 12%.

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bittersweet: what home-buyers think

@3elementsra

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Posted on: 2022-09-25 22:41

@ThomasMorrisEA

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Posted on: 2022-09-25 09:19

@NeighborGram

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Posted on: 2022-09-24 22:25

@alanbullion2

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Posted on: 2022-09-23 22:30

@OnlineDrLeZ

Top story: ‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut | Stamp duty | The Guardian… https://t.co/nyiYCFQWJJ

Posted on: 2022-09-23 19:58

@SamyAngel4o

Top story: ‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut | Stamp duty | The Guardian… https://t.co/OgVB4b1qiI

Posted on: 2022-09-23 19:58

@derblauweisse

The Guardian Money NEWTop story: ‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut | Stamp… https://t.co/08qlyjsVQm

Posted on: 2022-09-23 19:58

@halfeatenmind

The Guardian: ‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut. https://t.co/0mT0zaifQ6 via @GoogleNews

Posted on: 2022-09-23 19:11

@IwanShopland

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Posted on: 2022-09-23 18:15

@PFNewsUK

‘It’s bittersweet’: what home-buyers think of chancellor’s stamp duty cut https://t.co/OVKtRpfNBu https://t.co/Nt5ygvKRRg

Posted on: 2022-09-23 17:55

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