Stamp Duty Cuts take effect immediately

According to (Norwood, n.d.) "Chancellor Kwasi Kwarteng has announced that stamp duty will be cut.

In future there will be no stamp duty on the first £250,000 of a property purchase, instead of £125,000.

First time buyers will only pay SDLT on homes over £425,000, up from £300,000. First time buyers' relief is available on properties up to £625,000, up from £500,000."

Dean, the director of OneAgency notes ' "The stamp duty tax cut announced today is welcome news to all home movers following the Bank of England increasing the base rate yesterday, in addition to the cost of living crisis. We encourage all clients who wish to move - to take advantage of the immediate stamp duty cut."

OneAgency Estate Agents offer free valuations and covers the whole of Stoke-On-Trent and Staffordshire. Contact the team to arrange for your free valuation below.

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References

Norwood, B. G. (n.d.). Stamp Duty Cuts take effect immediately. Letting Agent Today. Retrieved September 23, 2022, from https://www.lettingagenttoday.co.uk/breaking-news/2022/9/budget-today--agencies-need-more-government-help-insists-propertymark

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