First-time buyer stamp duty relief

Probably the most notable announcement to come out of today's Budget was the extension of stamp duty relief for first-time buyers in England and Northern Ireland. Addressing the Commons, Chancellor Philip Hammond declared the abolition of stamp duty land tax for first-time buyers purchasing a home using the Government's Help to Buy shared ownership scheme, worth less than £500,000. Effective from today, the relief will also be applied retrospectively to properties purchased after November 2017.

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