First-time buyers could face six month stamp duty saving wipe out

Running the numbers on stamp duty and first-time buyers

clock • 3 min read

Many first-time buyers' plans will be firmly on hold, writes Laura Suter. Here she explains the reasons why...

There's nothing I like more than a massive drop of data to wade through - so HM Revenue & Customs (HMRC) delighted me with a New Year treat last week when it dumped a huge spreadsheet on tax reliefs online. These figures cover the costs of all the tax reliefs the government provides, from the obvious (pension tax relief) to the downright obscure (insurance premium tax relief for spacecraft). Among this data is usually some little gems that highlight how spending, saving or income habits are changing. And one that struck me was on first-time buyers. The government provides tax relief on t...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
 Be the first to hear about our events and awards programmes.



Already a Professional Adviser member?


More on Tax planning

Living together: Unmarried couples' property position

Living together: Unmarried couples' property position

Exploring co-habiting couples and property co-ownership

Richard Burgess
clock 26 January 2023 • 4 min read
Neil MacLeod

What advisers need to know: Trust and trustees' tax position

What does the Autumn Statement mean for trustees?

Neil Macleod
clock 23 January 2023 • 6 min read
What advisers need to know: Achieving balance with bonds

What advisers need to know: Achieving balance with bonds

‘Tax tails shouldn’t wag the investment dog, but consider the kennel’

Les Cameron
clock 17 January 2023 • 4 min read