Housing was at the forefront of the Chancellor’s Autumn Budget this week, as government reforms revealed a shake up to Stamp Duty.
Addressing calls from Propertymark to exempt first time buyers from paying stamp duty, Philip Hammond announced the Governments plans to offer relief on properties for those trying to get a foot on the housing ladder.
But whilst first time buyer exemption was the main focus, the Chancellor’s little red book detailed other amends to stamp duty that agents need to be aware of. HMRC has provided NAEA Propertymark members with a guide to the changes.
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http://www.naea.co.uk/news/november-2017/guide-to-stamp-duty-changes