Tag: stamp
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Kemi Badenoch unveils plan to scrap stamp duty
At the 2025 Conservative Party Conference, Kemi Badenoch announced that the next Conservative government would abolish stamp duty on primary residences. The tax, which currently generates around £8.6 billion a year for the Treasury, would remain for second homes, corporate buyers, and non-UK residents. Badenoch framed the move as a way to make homeownership more…
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Will Rachel Reeves abolish stamp duty?
Chancellor Rachel Reeves is considering a major shake-up of property taxes that could see stamp duty abolished for most home buyers. Instead, a new “proportional property tax” could be introduced, targeting people who are looking at buying a house worth more than £500,000. The plans, still under discussion, aim to raise more money from higher-value…
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Court rules fixer-uppers must pay full Stamp Duty
Buying a house to renovate or taking on a fixer-upper? Don’t fall for tax refund promises that could cost you thousands. A major court ruling has confirmed that even homes in poor condition still attract full residential Stamp Duty. HMRC is now targeting dishonest agents offering bogus refunds based on false claims that a property…
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Government raked in £1.4bn in stamp duty before the March 30th deadline, as calls to remove the tax grow
UK homebuyers shelled out an extraordinary £1.4 billion in stamp duty in March 2025 as they scrambled to beat major tax threshold cuts, according to new HMRC figures. This surge marked a 34% jump from February and a 63% increase compared to March 2024, highlighting how thousands rushed transactions to avoid steep hikes set for…
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Thousands of homes hit market as sellers cut prices post stamp duty change
If you’re planning a renovation, eyeing your next self-build plot, or just waiting for the right time to buy, a wave of new homes has just hit the market, and many come with reduced price tags. New research from estate agency Yopa suggests that over 53,000 properties have been listed for sale in England in…
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Stamp duty changes push 1 in 4 homebuyers out of the market
For thousands of hopeful homebuyers across the UK, the dream of owning a home is slipping further out of reach. As stamp duty reforms loom, many are racing against time to complete their purchases before a sudden tax hike makes homeownership even more unaffordable. With new thresholds set to take effect on April 1, experts…
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Do you need to pay stamp duty on a building plot?
If you’re buying land in order to construct your own home, you might be asking if you need to pay stamp duty on a building plot. The idea of making savings at this stage of a self-build project is, after all, an appealing one. When you’re buying a house stamp duty land tax (SDLT) may…