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 for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Gifting, annuities and onshore bonds surge as IHT shake-up looms

Gifting, annuities and onshore bonds surge as IHT shake-up looms

Advisers scramble to adjust to changes in the Autumn Budget

Isabel Baxter
clock 13 May 2025 • 3 min read
Safeguarding clients in a world of increasing HMRC activity

Safeguarding clients in a world of increasing HMRC activity

'It is important that financial advisers stay informed and proactive'

Louisa Beciri and Tom Lewis
clock 23 April 2025 • 4 min read
IHT receipts swell to record £8.2bn for 2024/25

IHT receipts swell to record £8.2bn for 2024/25

10% higher than last year, commentators note

Jen Frost
clock 23 April 2025 • 2 min read