STAMP DUTY LAND TAX (SDLT) THRESHOLD INCREASED TO £250,000

On Posted on by Louise Denvir to News, Tax

The Government has cut SDLT  for home buyers across England and Northern Ireland.

For residential property transactions completed on or after 23 September 2022;

  • The Nil Rate Band (NRB) has been increased from £125,000 to £250,000.
  • The NRB for first-time buyers has been increased from £300,000 to £425,000. This applies where first-time buyers purchase a property costing less than £625,000 (previously £500,000).