Stamp Duty Reform
Rishi Sunak, Chancellor of the Exchequer has immediately scrapped stamp duty on English and Northern Irish homes selling for £500,000 or less until March 2021, saving £4,500 on the average home purchase, with a maximum saving of up to £15,000 for a property priced at £500,000. The Chancellor claims that 9 out of 10 main homes sold will be stamp duty exempt. The Chancellor says: “Uncertainty abounds in the market – a market we need to be thriving. We need people to feel con