Autumn Budget 2024: Stamp duty for second homes upped to support first-time buyers

City A.M.

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Chancellor Rachel Reeves has increased the amount of tax Brits will pay when buying their second home to provide support for first-time buyers and those moving home. Second-time buyers previously paid three per cent stamp duty on homes worth up to £250,000. From tomorrow, they will pay five per cent tax. The increase will also [...]

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