The stamp duty tax cut remains as of 20/10/22 , raising the threshold of how much a property has to cost before stamp duty is paid to £250,000, a jump from £125,000 previously.
First time buyers see claim relief increased
The first-time buyers, who before, paid no stamp duty on the first £300,000, will see this raised to £425,000, and the value of the property on which first-time buyers can claim relief has been increased from £500,000 to £625,000.
This permanent cut means that 200,000 more people will be taken out of paying stamp duty altogether.