Tag: Stamp Duty
The End of Stamp Duty Breaks: What Does It Mean for First-Time Buyers?
The government’s stamp duty holiday, which was designed to keep the housing market afloat during the darkest days of the pandemic, finally came to an end after 14 months as 2021 drew to a close. The tax break meant buyers paid no stamp duty on […]
No Need to Panic
Research by Ascend Properties has highlighted just how much of the property market will remain stamp duty-free for first-time buyers, even after the current holiday extension has expired. While all residential transactions are currently enjoying no stamp duty owed on purchases as high as £500,000, […]
A Buyers Complete Guide To Stamp Duty
What Is Stamp Duty And Why Are We Charged For It? Stamp duty was introduced back in 1694 as a means to raise money for the war. This type of transaction tax was also raised on goods such as medication, hats and newspapers.Then in 1997, […]