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Stamp Duty Cut Rumours Return!

Stamp Duty reform was back in the news over the weekend amid reports that the Government plans to reform the controversial tax. Just a day after losing two byelections, stories appeared in the mainstream press about plans to cut Stamp Duty by tinkering with the thresholds.

The reports suggest the changes would be included in the Conservative General Election manifesto rather than the more-immediate Autumn Statement last month.

A report in The Times even suggests that help for first-time buyers is being considered. It comes despite first-time buyers already being exempt from Stamp Duty on the first £425,000 of a purchase.

‘Tories plot stamp duty cut to win over voters – Senior Tories are considering an “aspirational” pledge to slash stamp duty in an attempt to turn around the Conservative Party’s political fortunes.’

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Written By Wilson Tominey

October 24, 2023

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