Stamp Duty Land Tax and First Time Buyer’s

October 2, 2010 10:07 am

Alistair Darling in his 24 March 2010 Budget introduced relief from stamp duty land tax for purchases of residential property at up to £250,000 where the purchaser or all the purchasers are first time buyers and intend to occupy the property as their only or main home. This relief is time-limited to two years.

The new relief is available for residential purchases where the effective date being normally the date of completion is on or after 25 March 2010 and before 25 March 2012.