Budget News for First-Time Buyers
Stamp duty Changes. SDLT abolished for first-time buyers of property 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 with the remaining £200,000 incurring 5% stamp duty.
This reduction takes place immediately in England Wales and Northern Ireland. It will not apply in Scotland unless the Scottish Government decides to follow suit.
Budget News for First-Time Buyers ›