Stamp Duty Cuts Announced

The Chancellor has today announced a stamp duty holiday to start immediately and run until 31st March 2021. Under the changes, homebuyers will now pay no stamp duty on their main homes up to the £500,000 threshold.

The average stamp duty saving will be £4,500, with nine out of ten buyers this year now paying no stamp duty at all on purchases.

The changes do not include second homes.