Following the government’s announcement of a stamp duty holiday up to 31st March 2021, anyone buying a home in England under £500,000 won’t have any stamp duty to pay. This applies to both first time buyers and those buying their next home so your dream home could be more affordable than you thought.
The amount you could save depends on the value of your new home.
If your home is over £500,000 you will need to pay on a sliding scale, detailed in the table:
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