UK households face £6,500 extra Stamp Duty cost from Mar 2025 due to threshold decrease.
UK households face a possible £6,500 extra cost due to changes in Stamp Duty rules from Mar 2025. The nil-rate threshold decreases to £300,000, affecting first-time buyers who will be £6,250 worse off at the current threshold. Experts urge Chancellor Rachel Reeves to prioritize Stamp Duty in the budget to support home buyers amid rising house prices and cost of living.
August 13, 2024
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