Stamp Duty Help for First Time Buyers

Posted 24/03/2010

The Chancellor has announced today that first time buyers will not have to pay stamp duty if the property is less than £250,000.  This relief will be effective as of midnight tonight until the 25th March 2012.

Please note this only applies to First Time Buyers, not all purchase transactions under £250,000.00.  If you are a couple, you must both be First Time Buyers.  You must also intend to occupy the property as your only or main residence.

In order to qualify as a 'First Time Buyer' you must not have previously owned a major interest in land, including residential property, or an equivalent interest anywhere in the world.






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