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What The Stamp Duty Cuts Mean for you?
Ask our Sales Executives What The Stamp Duty Cuts Mean for you?
Today chancellor Kwasi Kwarteng announced Stamp Duty tax cuts, to find out what this means for you and how you can save, call your local Elan Homes Development this weekend.
The threshold at which buyers are required to pay Stamp Duty has been raised from a purchase price of £125,000 to £250,000. Meaning any homes under £250,000 will have nil stamp duty to pay. Any homes over £250,000 will save £2,500 on stamp duty in comparison to the previous rates.
First-time buyers are also benefiting as the first-time buyer threshold increased to a purchase price of £425,000, up from £300,000 originally.
To Find out more please visit the government website on the link below.