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stamp duty update
23rd september 2022

Changes from 23rd September 2022


The Chancellor has just announced the following changes to Stamp Duty:

The government is committed to an economy based on high growth and low tax, to help people keep more of the money they earn and drive business investment as a result.

To help achieve these aims, the government is reforming stamp duty by doubling the level at which people begin paying this from £125,000 to £250,000.

This government is also committed to helping first-time buyers get on the property ladder in two ways. Firstly, by increasing the level first-time buyers start paying stamp duty from £300,000 to £425,000.

In addition, the government is allowing first-time buyers to access the relief when they buy a property costing less than £625,000 rather than the current £500,000.

These measures will reduce stamp duty bills across the board for all movers by up to £2,500 with first-time buyers able to access up £11,250 in relief.

The government has provided the following clarification via their

Click here to read all the information from the Government 


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