Chancellor Jeremy Hunt has pledged not to raise Stamp Duty as part of a Family Home Tax Guarantee.
Writing in the Daily Telegraph, Hunt promised that if the Conservatives win the General Election, property taxes won’t be increased.
He said: “This guarantee is a commitment not to increase the number of council tax bands, undertake an expensive council tax revaluation, or cut council tax discounts.
“It is a commitment to maintain private residence relief, so that people’s main homes are protected from capital gains tax. And it is a commitment not to increase the rate or level of Stamp Duty.”
It is unclear if this means the Chancellor will return the residential nil-rate threshold from £250,000 to £125,000 and first-time buyer reliefs from £425,000 to £300,000 from 31 March 2025.
They were raised in the 2022 mini-Budget but Hunt later said the changes would be reversed.
It comes amid a clash between Prime Minister Rishi Sunak and opposition leader Keir Starmer over whether Labour’s plans would add £2,000 to UK tax bills.
Propertymark has called for Stamp Duty incentives and wider funding to...
The Autumn Statement ended up being silent on Stamp Duty reforms...
/_JeremyHunt%20_400x310.png)
Chancellor Jeremy Hunt will have a go at balancing the nation’s...
A stamp duty cut would see house prices go up and...
The predictions game can be tricky. Sometimes you just don’t know...
Leading UK property auctioneer Bond Wolfe has broken through the £100...
Uncertainty triggered by the new Labour Government and taxation concerns that...
In today's rapidly evolving property market, the focus on reducing transaction...
.png)
An exciting new collaboration between TVPN, EstateApps and Paul Long is...
By Mike Bilboe, Face For Business Buying or selling a home can...
LSL Estate Agency Franchising is home to one of the UK’s...
.jpg)
The most predictable event of the year is underway. After months...
Fine & Country has been recognised as the most recommended national estate...
A prominent financial analyst is warning that the hopes for a...
A poll of surveyors shows strong support for the idea of...
A new analysis of buyers’ actions during viewings suggests many effectively...
Fine & Country has been recognised as the most recommended national estate...
.png)
Who are you and what does it say on...
Who are you and what does it say on...
Who are you and what does it say on...
.jpg){kind=avatar}
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment