Autumn Statement: Stamp Duty Land Tax savings remain

Published by Jo White on 17 November 2022

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Two of the surviving measures introduced in the MiniBudget are set to stay until 31 March 2025.   

Jeremy Hunt confirmed in his Autumn Statement that the 0% threshold for Stamp Duty Land Tax (“SDLT”) will remain at £250,000.  Potentially saving residential property purchasers in England and Wales £2,500. 

He has also confirmed that the increase in First Time Buyers Relief thresholds will remain until this time.  This means for those property transactions which qualify, the first £425,000 will be free from SDLT with properties up to a value of £625,000 being considered as part of these rules.  This means a potential saving of up to £6,250. 

If you would like further information on SDLT, please get in touch with our Real estate team

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