Stamp duty will remain unchanged except for an expected increase on purchases made by non-UK residents, the new Chancellor of the Exchequer has announced.
In a Budget with a strong focus on dealing with the coronavirus outbreak, many homebuyers had hoped Stamp Duty Land Tax would be abolished or at least reduced.
But Chancellor Rishi Sunak only made a marginal change to the tax which critics suggest ‘causes people to remain in homes that are ill-suited to their needs’.
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