88/08
2 September 2008
Stamp Duty
The Chancellor of the Exchequer has today announced that stamp duty land tax will not apply to purchases of residential property of £175,000 or less.
This will provide an exemption from stamp duty land tax for land transactions consisting entirely of residential property where the chargeable consideration is not more than £175,000.
This relief will apply to transactions with an effective date on or after 3rd September and before 3rd September 2009.
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