Stamp duty axed below £175,000

Homebuyers will not have to pay stamp duty on properties costing £175,000 or less for the next 12 months.

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The current £125,000 threshold will be raised as part of a package of measures aimed at boosting the housing market. Someone buying a home for £175,000 will save £1,750 under the scheme, which is likely to cost the Treasury £600m.

Full Story: Stamp duty axed below £175,000

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