Latest News

All the latest housing news from Snugg

Stamp duty removed for first time buyers of shared ownership homes

The Chancellors budget this week will see Stamp duty abolished for first time buyers of shared ownership properties for people in England and Northern Ireland.

First time buyers will no longer need to pay property tax on shared ownership homes that cost up to £500,000. This new amendment will also be back dated, which means that anyone who bought via shared ownership since 22 November 2017 will get a refund of the stamp duty paid.

If you feel you may be entitled to a refund please visit:

www.gov.uk/stamp-duty-land-tax/reliefs-and-exemptions

Related Posts