Buzz & Beyond: Money
Published: Jan, 22 2025 15:35
Thresholds change for first-time buyers and home-movers alike - starting from £125,000. Homebuyers are facing a race to complete property purchases before stamp duty thresholds drop at the end of March. Currently, first-time buyers don’t have to pay any stamp duty on the first £450,000 of a property purchase, while those moving up the ladder only owe the controversial tax on purchases above £250,000.