Chancellor Kwasi Kwarteng cuts Stamp Duty in today’s mini-budget. Under the current system Stamp Duty is NOT paid on the first £125,000 of any property purchase but that figure has been increased to £250,000. The stamp duty threshold for first-time buyers has been increased from £300,000 to £425,000.
![Stamp Duty Land Tax House On Card Image - Independent Mortgages Direct NE Stamp Duty Land Tax House On Card Image](https://imdne.co.uk/wp-content/uploads/2022/09/iStock-180700648-826x1024.jpg)