For the next two years, first-time homebuyers will be able to buy properties worth up to 250,000 pounds without paying stamp duty, the Chancellor, Alistair Darling announced during his Budget 2010 speech.<\/p>\n
\u201cI can announce I will double the stamp duty limit for first time buyers from midnight tonight for this year and next,\u201d the Chancellor told parliament. \u201cThis means 9 in 10 first-time buyers will pay no stamp duty at all.\u201d<\/p>\n
The Chancellor said the relief would be funded through an increase in stamp duty to 5 per cent on residential property selling for over one million pounds, but not until April 2011.<\/p>\n
New Stamp Duty Property Rules<\/strong> A boost for first-time home buyers For the next two years, first-time homebuyers will be able to buy properties worth up to 250,000 pounds without paying stamp duty, the Chancellor, Alistair Darling announced during his Budget 2010 speech. \u201cI can announce I will double the stamp duty limit for first time buyers from midnight tonight… Read more »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/771"}],"collection":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=771"}],"version-history":[{"count":0,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/771\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.suretyfp.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nProperty value up to \u00a3125,000 zero (up to \u00a3250,000 at zero for first-time buyers)
\n\u00a3125,001 to \u00a3250,000 1 per cent
\n\u00a3250,001 to \u00a3500,000 3 per cent
\n\u00a3500,001 to \u00a31,000,000 4 per cent
\nOver \u00a31,000,000 5 per cent (from April 2011)<\/p>\n","protected":false},"excerpt":{"rendered":"