Sunak vows to maintain first-time buyer Stamp Duty exemption

Posted on Monday, June 10, 2024

Sunak vows to maintain first-time buyer Stamp Duty exemption

The Conservatives appear to have abandoned plans to reverse Stamp Duty thresholds for first-time buyers if the party returns to power after the General Election.

The first-time buyer Stamp Duty exemption was increased from £300,000 to £425,000 at the 2022 mini Budget but was set to be reversed at the end of March 2025.

But Prime Minister Rishi Sunak has now said the threshold will remain, according to reports. 

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Sunak vows to maintain first-time buyer Stamp Duty ex... (estateagenttoday.co.uk)