Stamp duty threshold raised to £500,000
“Right now, there is no stamp duty on transactions below £125,000,” says Sunak.
“Today, I am increasing the threshold to half a million pounds.
“This will be a temporary cut running until 31 March 2021.
“And, as is always the case, these changes to stamp duty will take effect immediately.
“The average stamp duty bill will fall by £4,500. And nearly nine out of ten people buying a main home this year, will pay no stamp duty at all.”
