The Chancellor of the Exchequer, George Osborne, announced today (3 November) that stamp duty will only apply to the part of a property price that falls within that band, in a overhaul of the stamp duty tax.

Homebuyers will no longer pay tax on the first £125,000 of a property, followed by 2 per cent on the amount up to £250,000, 5 per cent up to 

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