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First Time Buyers Save On Stamp Duty

First Time Buyers Save On Stamp Duty

On 22 November 2017 the Autumn budget introduced a new relief from stamp duty land tax (SDLT) on purchases by first-time buyers where the price paid is not more than £500,000.

No SDLT will be payable on the first £300,000 of the purchase price.

5% will be chargeable on the remainder.

The measures apply to any purchases on or after 22 November 2017.

First Time Buyers Save On Stamp Duty

 

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