Rishi Sunak has pledged to axe stamp duty on homes up to £425,000 for first-time buyers, if the Tories win the General Election. Stamp duty land tax currently applies to sales over £250,000 - but will fall to £125,000 from March next year due to the end of a "temporary" relief period.It means the levy will apply to cheaper - and likely a greater number of - purchases.
Read more: Farage and Mordaunt criticise Sunak's 'completely wrong' decision to leave D-Day early, in heated election debateRead more: Rishi Sunak vows to scrap Ulez expansion as he says Conservatives are 'the party on the side of drivers' The move comes in a bid to win over younger voters. However, there have been calls for the party to go a step further and propose the abolition of stamp duty altogether.
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Rishi Sunak vows to axe stamp duty for first-time buyers on homes up to £425,000The commitment on stamp duty land tax comes before the Conservatives’ manifesto is revealed next week.
Source: Glasgow_Times - 🏆 76. / 59 Read more »
Rishi Sunak vows to axe stamp duty for first-time buyers on homes up to £425,000The commitment on stamp duty land tax comes before the Conservatives’ manifesto is revealed next week.
Source: Observer_Owl - 🏆 18. / 72 Read more »