The Stamp Duty Land Tax (SDLT) changes introduced in Kwasi Kwarteng mini September budget are to be reversed by the new Chancellor. Whilst this may appear like bad news for buyers, the delay in bringing in this change until the end of March 2025 will hopefully assist the market to settle in the interim and see mortgage interest rates back under control before buyers are hit with the SDLT changes.
The worrying aspect for those in the industry is whether or not we will see another rush of buyers desperate to complete their transactions before the changes in order to benefit from the current rates.
stamp duty cuts will remain in place until 31st March 2025 to support the housing market and those working within it, after which changes to nil-rate thresholds will be reversed
https://todaysconveyancer.co.uk/autumn-statement-stamp-duty-cuts-reversed-not-2025/
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