Stamp duty for first-time buyers would rise in 2025 under Labour government
by Kiran Stacey Political correspondent from World news | The Guardian on (#6NVCX)
Party says it would allow threshold for stamp duty to fall back to 300,000 after it was raised temporarily in 2022
Stamp duty will rise for first-time buyers next year if Labour wins the election, the party has confirmed, as it plans to allow a temporary tax break enacted by the Conservatives to expire.
A party spokesperson said on Friday it would allow the threshold for stamp duty to fall back to 300,000, after it was raised to 425,000 in 2022 by Rishi Sunak, the then chancellor.
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