From 23rd September 2022 to 31 March 2025 purchases of residential property will incur less or no SDLT.
A temporary increase has been introduced with the nil-rate tax threshold rising from £125,000 to £250,000.
The nil-rate threshold for First Time Buyers’ Relief is also temporarily increased from £300,000 to £425,000 and the maximum property value that is eligible for First Time Buyers’ Relief is increased to £625,000.