Abbey Independent Inventories

Written By: Anna SagarPosted:February 25, 2025Around 25,000 first-time buyers could miss the upcoming stamp duty deadline on 31 March and will complete in April, research suggests. According to research from Rightmove, in total there are around 74,000 homemovers in England going through the legal completion process who will just miss the 31 March deadline and complete in April. This is equal to around £142m in extra stamp duty payments. The repor...

Stamp Duty changes mean that many buyers are now rushing to get transactions over the finish line before duty bills increase in April. From April 1 2025 there are key rule changes including the threshold at which people start paying the tax will drop from £425,000 to £300,000 for first-time buyers, meaning that when buying a home worth £425,000 or more they will go from paying nothing to paying £6,250 on stamp duty. Similarly the threshold is als...