From today, stamp duty will be abolished on properties up to £300,000. Also, the first £300,000 of the purchase price will be excluded from stamp duty when the purchase price is up to £500,000.
Reduction will apply immediately in England, Wales and Northern Ireland although the Welsh government will have to decide whether to continue it when stamp duty is devolved in April 2018
Philip Hammond has said that 95% of all first-time buyers will benefit, with 80% not paying stamp duty at all.
Capital gains tax relief for overseas buyers of UK commercial property to be phased out, with exemptions for foreign pension funds
We will keep you posted with further information next week.
Should you require further information please contact us on 01235 250011.