Rishi Sunak pledges to abolish stamp duty for first-time buyers purchasing homes up to £425,000 in Conservative manifesto.

Rishi Sunak has pledged to abolish stamp duty for first-time buyers purchasing homes up to £425,000, as part of the Conservative manifesto. Stamp duty land tax currently applies to property sales over £250,000. The pledge would affect around 200,000 households annually and is expected to be included in the manifesto, which will be published in the coming days.