{"id":129929,"date":"2022-09-23T18:52:32","date_gmt":"2022-09-23T11:52:32","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-kwartengs-stamp-duty-cut-mean-for-uk-homebuyers\/"},"modified":"2022-09-23T19:08:21","modified_gmt":"2022-09-23T12:08:21","slug":"what-does-kwartengs-stamp-duty-cut-mean-for-uk-homebuyers","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-kwartengs-stamp-duty-cut-mean-for-uk-homebuyers\/","title":{"rendered":"What does Kwarteng\u2019s stamp duty cut mean for UK homebuyers?"},"content":{"rendered":"<p>&#013;<br \/>\nAs chancellor announces no tax to be paid on properties up to value of \u00a3250,000, we explain changes across UKKwasi Kwarteng\u2019s 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 \u00a3250,000.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 \u00a3425,000. Here we explain the changes in full. Continue reading&#8230;&#013;<br \/>\n&#013;<br \/>\nSource : theguardian.com&#013;<br \/>\nRead more&#8230;<a href=\"https:\/\/www.theguardian.com\/uk-news\/2022\/sep\/23\/stamp-duty-cut-uk-homebuyers-kwarteng-mini-budget\" target=\"_blank\" rel=\"noopener\">What does Kwarteng\u2019s stamp duty cut mean for UK homebuyers?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#013; As chancellor announces no tax to be paid on properties up to value of \u00a3250,000,&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-129929","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-xND","jetpack-related-posts":[{"id":129923,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kwasi-kwarteng-delivers-sweeping-cuts-in-latest-mini-budget-video\/","url_meta":{"origin":129929,"position":0},"title":"Kwasi Kwarteng delivers sweeping cuts in latest mini-budget \u2013 video","date":"September 23, 2022","format":false,"excerpt":"\r Kwasi Kwarteng has delivered his first budget since being appointed to Liz Truss' cabinet. On Friday the chancellor laid out plans to cut stamp duty, scrap bankers' bonuses and get rid of the highest band of income tax in a statement made in parliament. The Treasury has released a\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kwasi-kwartengs-mini-budget-key-points-at-a-glance\/","url_meta":{"origin":129929,"position":1},"title":"Kwasi Kwarteng\u2019s mini-budget: key points at a glance","date":"September 23, 2022","format":false,"excerpt":"\r The chancellor has delivered his mini-budget \u2013 here are the main points, with political analysisKwasi Kwarteng announces sweeping tax cuts in mini-budgetLive updates: Kwasi Kwarteng announces mini-budgetKwasi Kwarteng says the government was never going to let households face soaring energy bills caused by Vladimir Putin\u2019s war in Ukraine.Reversing the\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129931,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mini-budget-2022-what-does-it-mean-for-your-money\/","url_meta":{"origin":129929,"position":2},"title":"Mini-budget 2022: what does it mean for your money?","date":"September 23, 2022","format":false,"excerpt":"\r From income tax to stamp duty and national insurance, how Kwasi Kwarteng\u2019s announcements could affect youKwarteng scraps top 45% rate of income tax and cuts stamp dutyThe chancellor, Kwasi Kwarteng, has announced a sweeping package of measures in his mini-budget, including a swathe of tax cuts that will have\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129871,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-stamp-duty-cut-will-benefit-wealthier-and-raise-inflation-say-experts\/","url_meta":{"origin":129929,"position":3},"title":"UK stamp duty cut will benefit wealthier and raise inflation, say experts","date":"September 21, 2022","format":false,"excerpt":"\r Government warned measure would create housing bubble that does little to benefit first-time buyersCuts to stamp duty will hurt first-time buyers and stoke an inflationary bubble in the property market as house prices rise at the fastest rate for almost 20 years, the government has been warned.In the latest\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129939,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/its-bittersweet-what-home-buyers-think-of-chancellors-stamp-duty-cut\/","url_meta":{"origin":129929,"position":4},"title":"\u2018It\u2019s bittersweet\u2019: what home-buyers think of chancellor\u2019s stamp duty cut","date":"September 23, 2022","format":false,"excerpt":"\r Property-hunters on how permanent reduction for purchases in England and Northern Ireland will impact themChancellor Kwasi Kwarteng has announced a permanent stamp duty reduction for property purchases in England and Northern Ireland \u2013 a move that forms part of a mini-budget critics say will reward the rich more than\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":130613,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/obr-forecasts-likely-to-show-60bn-70bn-hole-after-kwartengs-mini-budget\/","url_meta":{"origin":129929,"position":5},"title":"OBR forecasts likely to show \u00a360bn-\u00a370bn hole after Kwarteng\u2019s mini-budget","date":"October 8, 2022","format":false,"excerpt":"\r Predictions handed to chancellor expected to paint gloomy picture for UK economy amid slowing growth outlook and sweeping tax cutsKwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are expected to show a hole of more than \u00a360bn left by his sweeping tax\u2026","rel":"","context":"In &quot;Property News&quot;","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129929"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=129929"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/129929\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=129929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=129929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=129929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}