Towns where homebuyers will save the most from Rishi Sunak’s stamp duty cut named
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mirror.co.ukHome buyers in parts of the UK will save as much as £15,000 each in tax as a result of plans to change how stamp duty works.
As things stand, you're taxed on the purchase value of a home if it costs more than £125,000 - with that threshold raised to £300,000 for first-time buyers.
But plans set to be unveiled today by Chancellor Rishi Sunak will see that tax-free allowance upped to £500,000. That can save you as much as £15,000 in tax.
And the biggest winners from the change will be people looking to buy in South East England - where average property prices sit just below the new £500,000 threshhold.
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