Stamp duty land tax cut retained - for now
The Autumn Budget contained a number of tax rises. However, one of the cuts from the mini-Budget in September was retained on a temporary basis. What's the full story?
Jeremy Hunt's first budget as Chancellor was marked by tax rises, albeit using "fiscal drag" rather than raising rates. This method raises additional revenue by freezing thresholds and allowances, such as the personal allowance. The speech was a contrast to the tax-slashing mini-Budget. Of course, most of the tax cuts announced in September have been abandoned. However, the cut to stamp duty land tax - including a doubling of the 0% band - were preserved.
The Chancellor confirmed that the measures would be kept, but that a sunset clause would be added. The cut will now end on 31 March 2025. The policy announcement document refers to all of the measures as "the SDLT cut" collectively, so it appears that the additional relief for first-time buyers will also be curtailed in 2025.
Related Topics
-
Payment deadline for corporation tax
-
HMRC targets undeclared consultancy income in the medical sector
HMRC is writing to people working in the medical sector where information supplied by private healthcare providers suggests that consultancy fees may have been omitted from their tax returns. Recipients have 30 days to check their position and respond. What should you do if you get a letter?
-
MONTHLY FOCUS: BUSINESS AND AGRICULTURAL PROPERTY RELIEF: WHAT DO THE NEW IHT RULES MEAN FOR YOU?
The inheritance tax treatment of businesses and farms changed fundamentally from 6 April 2026. The amount that can qualify for 100% business property relief and agricultural property relief is now capped, potentially leaving families with a significant tax bill for the first time. What has changed, and what should business owners and farmers be doing about it?
This website uses both its own and third-party cookies to analyze our services and navigation on our website in order to improve its contents (analytical purposes: measure visits and sources of web traffic). The legal basis is the consent of the user, except in the case of basic cookies, which are essential to navigate this website.