Author Brightstone Law LLP

Some good news for first time buyers in this afternoon’s budget, with Stamp Duty Land Tax (SDLT) to be abolished for all first-time buyers up to £300,000.  An additional relief will apply on properties bought in higher priced areas (like London) provided the purchase price does not exceed £500,000.  Whilst more information is awaited, it is understood that these changes will apply with effect from midnight tonight.


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