Home buyers face huge stamp duty bill unless they beat tax deadline | Personal Finance | Finance
Young house buyers are being warned they face a massive stamp duty bill unless they buy before next spring.
An exemption to paying stamp duty that was implemented by the last Conservative government to help people onto the housing ladder is due to lapse in April 2025.
At present, a first-time buyer in England pays no stamp duty on properties up to £425,000. There is a reduced rate of 5 percent on the figure from £425,001 to £625,000.
This means that the majority (58 percent) of homes for…
