NORRIE WAITE & SLATER SOLICITORS
SHEFFIELD 0333 5770215
CRIMINAL 0333 5774213
ROTHERHAM 0333 5774215
KILLAMARSH 0333 5774214
MOBILE FRIENDLY RATES. Calls are FREE from mobiles & landlines with inclusive minutes and geographic rate (01) charged from all others
solicitors sheffield Menu

Stamp Duty cut for first time buyers

November 2017

In the Budget on the 22nd November 2017, the Chancellor Phillip Hammond abolished Stamp Duty Land Tax for first time buyers buying a home valued at up to £300,000.

For first time buyers buying a home valued between £300,000 and £500,000, no Stamp Duty will be paid on the first £300,000.

The move is intended to make it easier for first time buyers to get on the property ladder.

Stamp Duty Land Tax is a tax on residential properties.

The cut in Stamp Duty is one step in the government’s proposed plans to increase home ownership. The Chancellor also announced a variety of plans aimed at increasing the level of house building in the country over ht next few years.

Please contact us for advice on any aspect of buying or selling a property, or for clarification on whether you will be liable to pay Stamp Duty Land Tax on your purchase.

Click here to go back to In The Media.

Enquiry Form

Our lawyers offer legal advice and representation at court or the police station on a private or legal aid basis. Legal aid is available in some areas of law only. Please see our pages on legal aid for more advice. We offer a free initial consultation in some areas of law. Personal Injury compensation claims can be conducted on a 'no win no fee' basis.