Home buyers will face higher stamp duty tax bills from today as thresholds — the levels at which buyers start to pay the property purchase tax — revert to 2022 rates.
Stamp duty cuts introduced in Kwasi Kwarteng’s mini-Budget in September 2022 were intended as a permanent measure at the time but, in the Autumn Budget just two months later, Jeremy Hunt announced that the property tax break would be a long holiday instead.
