What does Kwarteng’s stamp duty cut mean for UK homebuyers?

As chancellor announces no tax to be paid on properties up to value of £250,000, we explain changes across UK

Kwasi Kwarteng’s mini-budget: key points at a glanceLive updates: Kwasi Kwarteng announces mini-budget

The chancellor, Kwasi Kwarteng, has confirmed a permanent stamp duty cut, with no tax to be paid on properties up to the value of £250,000.

Kwarteng announced the policy in a mini-budget on Friday, almost a year after the last stamp duty holiday ended. He also increased the threshold for first-time buyers to £425,000. Here we explain the changes in full.

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what kwartengs stamp duty

@businesshalausa

What will stamp duty tax changes mean for YOUR house-moving plans? We explain the new rates and who will benefit fr… https://t.co/y8kqDFRvSz

Posted on: 2022-10-01 13:24

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