Budget 2017: What does the stamp duty change mean?

Budget 2017: What does the stamp duty change mean?
 

Stamp duty will be abolished immediately for first-time buyers purchasing a home of up to £300,000, Chancellor Philip Hammond has said.
In London and other high price areas, first-time buyers will be able to buy a house worth up to £500,000 and pay no stamp duty on the first £300,000.
This means that 80% of first-time buyers will pay no stamp duty, he said.
The change will apply in England and Northern Ireland, and in Wales up until the end of March, but not in Scotland.
"This is our plan to deliver on the pledge we have made to the next generation that the dream of home ownership will... read more

 
22 November 2017 in Business, Views: 45
Source: BBC
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