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).