News regarding stamp duty from the chancellors autumn statement

In the chancellors recent autumn statement, he announced that from 23rd September 2022, stamp duty thresholds were increased to encourage home ownership and house building, particularly for first time buyers.

From September 2022, the new standard residential SDLT rates are as follows:

First time buyers                       Other buyers

£0 – £250,000                          0%                                            0%

£250,001 – £425,000              0%                                            5%

£425,001 – £925,000              5%                                            5%

£925,001 – £1.5m                   10%                                          10%

Over £1.5m                              12%                                          12%