Property News · September 23, 2022

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 UKKwasi Kwarteng’s mini-budget: key points at a glanceLive updates: Kwasi Kwarteng announces mini-budgetThe 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. Continue reading…

Source : theguardian.com
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