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Stamp duty rates cut with immediate effect by Properties auctions in UK

Stamp duty rates cut with immediate effect

On September 23rd, permanent reductions in Stamp Duty Land Tax (SDLT) took effect across England and Northern Ireland. The threshold at which buyers are liable to pay stamp duty has now been doubled, rising from £125,000 to £250,000. Moreover, there is even better news for first-time buyers, as they are exempt from paying stamp duty until the property value exceeds £425,000. Previously, this...