The Chancellor’s decision to provide a stamp duty holiday on all property purchases in England and Northern Ireland up to £500,000 will also really help get the housing market moving.
First time buyers already benefited from no stamp duty on properties up to £300,000. But the new allowance will help homemovers and generally free things up.
You can use the gov.uk calculator to find out how much duty you’ll pay.
If you live in Wales or Scotland, please check your government’s website to see what tax you’ll pay on property purchases.
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