England's stamp duty-free threshold for first-time homebuyers drops to £300,000 in April 2025, impacting 37% of properties.
First-time homebuyers in England face a significant increase in stamp duty bills if they delay purchases past April 2025. The current stamp duty-free threshold drops from £425,000 to £300,000, impacting 37% of properties. First-timers in pricier areas, such as London, will be most affected. Experts suggest retaining the current stamp duty relief threshold and providing additional support for buyers.
July 30, 2024
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