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What is stamp duty? Stamp duty is a tax paid by buyers when they buy property. The tax is paid on top of what you paid for the house or flat, so it’s important to understand so you can add it to your budget. Let’s take a closer look at what stamp duty is, how much you’ll pay and when you’ll have to pay it.

Last July, the chancellor created a stamp duty holiday, freeing buyers from the burden of paying stamp duty land tax on top of the price of their new property. This holiday will end on 31st March. If you’re planning to move home this year, we believe that acting now gives you the best chance of benefiting from the current tax break.

We can’t deny how pleased we were to hear in the Budget that Stamp Duty has been effectively abolished for First Time Buyers

George Osborne has announced that from midnight, the current system will change.