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Daily Mirror
Daily Mirror
Business
Levi Winchester

Stamp duty slashed in Mini-Budget - but experts warn of 'hammer blow' for buyers

Kwasi Kwarteng has confirmed a stamp duty cut as part of his Mini-Budget this morning - but there are fears this could push up house prices.

Stamp duty is a tax you pay when buying a property, with how much you pay depending on the property price and if you're a first-time buyer.

In England and Northern Ireland, you pay stamp duty on properties worth over £125,000 if this is your main residence - or £300,000 if you're a first-time buyer.

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