This bill temporarily reduces stamp duty land tax on residential property purchases between September 2022 and March 2025, doubling the nil-rate threshold from £125,000 to £250,000 for most buyers and increasing first-time buyer relief limits.
A Bill to reduce for a temporary period the amount of stamp duty land tax chargeable on the acquisition of residential property.
Status: Act of Parliament
Current House: Unassigned
Stage: Royal Assent
Sponsored by: Richard Fuller, Baroness Penn
Introduced: 2022-10-24
Royal Assent: 2023-02-08