All the updated news related to stamp duty

All the news related to stamp duty updated in real time

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Treasury deletes first-time buyer tweet after criticism from Martin Lewis

Personal Finance

Martin Lewis hits out at ‘irresponsible’ messaging over first-time buyer savings

The Treasury has deleted a tweet about the potential savings that a first-time buyer could potentially make in the light of the mini-budget following criticism from consumer champion Martin Lewis. A Treasury post on Twitter had said: “Thanks to the ...

03 Oct 2022 at 17:46

Housebuilders boosted by stamp duty cuts and moves to free up planning

Housebuilders have seen shares lift higher after the Chancellor’s move to slash stamp duty and reform Britain’s planning system. Vistry – formerly known as Bovis Homes – and rivals Countryside and Crest Nicholson enjoyed solid gains in the FTSE ...

23 Sept 2022 at 12:59

200,000 more people a year ‘will be lifted out of paying stamp duty’

Housing market activity could be boosted after the “nil rate” stamp duty band was doubled from £125,000 to £250,000. But more demand could also mean higher house prices, unless there is a significant increase in the supply of homes, experts ...

23 Sept 2022 at 12:39

Annual house sales increased by 7.6% in August

The number of house sales in August was 7.6% higher than the same month a year earlier, according to HM Revenue and Customs (HMRC). An estimated 104,980 housing transactions took place across the UK in August, which was 1.1% higher than in ...

21 Sept 2022 at 13:08

How will mini-budget announcements affect UK households?

Households will see a shake-up to their finances as a result of the mini-budget delivered by Chancellor Kwasi Kwarteng, including a raft of tax cuts. Here is a look at what it could mean for you. – Home movers Permanent cuts to stamp duty ...

23 Sept 2022 at 18:08

Cutting stamp duty could push up mortgage bills, expert warns

Home buyers may welcome a potential stamp duty cut but they could also end up paying bigger monthly mortgage bills, a finance expert has warned. Ahead of Chancellor Kwasi Kwarteng’s mini-budget on Friday, The Times reported that radical ...

21 Sept 2022 at 14:05

House sales plunged 54.3% in June compared with same month in 2021

The number of house sales in June roughly halved compared with the same month a year earlier, according to HM Revenue and Customs (HMRC) figures. Across the UK, an estimated 95,420 homes changed hands in June, marking a 54.3% decrease ...

21 Jul 2022 at 11:57

Conservative MPs express frustration at time limit introduced on stamp duty cut

Pleas for stamp duty cuts to be made permanent have been resisted by the Government, as MPs backed proposals aimed at stimulating the housing market. The Stamp Duty Land Tax (Reduction) Bill cleared the House of Commons after it was ...

10 Jan 2023 at 17:25

Personal Finance

Millions of homes ‘pushed into higher stamp duty brackets during pandemic’

Surging house prices have pushed more than four million homes into higher stamp duty or equivalent tax brackets during the coronavirus pandemic, according to estimates from a website. Across the UK, 4.3 million homes have been ...

04 May 2022 at 01:25

Personal Finance

Around one in four first-time buyers paying stamp duty

Around one in four first-time buyers are paying stamp duty as house prices have surged, analysis has found. The HomeOwners Alliance called for an urgent review of the tax, which applies in England and Northern Ireland. The ...

22 Jun 2022 at 01:01

Jeremy Hunt weighing stamp duty cut before election – reports

The Chancellor is reported to be considering cutting stamp duty in a final autumn statement before the next general election. Jeremy Hunt has previously hinted there could be a further “fiscal event” before voters go to ...

20 Apr 2024 at 11:41

‘Storm clouds gather’ over housing market as mortgage rates rise

“Storm clouds are visible” in the housing market, according to surveyors, with surging mortgage rates expected to push house prices downwards in the year ahead. The market lost momentum in September, with new buyer ...

13 Oct 2022 at 01:01

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