The permanent scrapping of stamp duty for properties below £250k for first time buyers is now certain. Much of the industry continues to call for changes to the threshold structure of stamp duty and every government in recent years has reformed it. Current Thresholds Up to £125k – 0% Over £125k to £250k – 1% [...]
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Although some areas of the country have benefited from stamp duty being eliminated on properties under £250,000 the more expensive areas, notably London and the south east, are not able to utilise the tax exemption. The Royal Institute of Chartered Surveyors (RICS) notes that although certain areas of the country saw a rise in first [...]
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