Home Finance Stamp Duty bombshell as Rachel Reeves raises property tax in Budget

Stamp Duty bombshell as Rachel Reeves raises property tax in Budget


Second-home buyers face a stamp duty land tax surcharge rise of two percentage points – to 5% – starting from Thursday.

Chancellor Rachel Reeves pledged during her Budget: “This will support over 130,000 additional transactions from people buying their first home, or moving home, over the next five years.”

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