Amazing news to buyers buying upto £500,000. Today Chancellor Rishi Sunak has confirmed a stamp duty holiday, raising the threshold from £125,000 to £500,000 until 31 March next year.
Unveiling today’s mini-Budget, he said the changes would take effect immediately, cutting the average stamp duty bill by £4,500, with 9 out of 10 house buyers paying no stamp duty at all.