STAMP DUTY CUT
In the November 2017 Budget, Philip Hammond, the Chancellor of the Exchequer, announced that effective immediately, first time buyers would not have to pay Stamp Duty Land Tax (SDLT) when buying a property for £300,000 or less. For properties with a purchase price up to £500,000, first time buyers would not have to pay SDLT on the first £300,000. The Association of Mortgage Intermediaries has warned that the recent stamp duty cut for first-time buyers was about "politics, not
