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Rishi Sunak could AXE stamp duty for six months on homes up to £500k in boost for housing market

1 month ago   |   By The Sun


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House buyers could see stamp duty axed on homes up to £500,000

House buyers could see stamp duty axed on homes up to £500,000

1 month ago   |   By Metro

House prices fell at the lowest rate in 11 years in May
A six-month stamp duty holiday could be introduced by the Government in a bid to boost the struggling housing market.
The threshold at which people start paying the property tax is £125,000, but it is thought Chancellor Rishi Sunak will raise this when he delivers the autumn budget. The new limit would be in place for six months to make it easier for people to buy a home and is expected to be anywhere between £300,000 and £500,000.
Currently first-time buyers are exempt from stamp duty on homes under £500,000 in London and £300,000...
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