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First time buyer - changes to stamp duty?

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kinger101 Posts: 6,287 Forumite

3 October 2017 at 7:20PM
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m0t wrote: »

The autumn budget is for changes to be made from the 1st April, the Chancellor changed it after this year's spring budget. The point was to give notice of tax changes rather than springing them on people just before the start of the financial year.

This means that even if the Chancellor announces something about changes to stamp duty it won't take effect until April.

Not really. For one, there are several examples (some already cited) of stamp duty changes having immediate effect. Secondly, tax years start on 6th April, not the 1st. And finally, many of the changes occur later than April after the budget. For example, the 2017/2018 personal allowance has already been set. This budget will announce the 2018/19 level.

"Real knowledge is to know the extent of one's ignorance" - Confucius
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First time buyer - changes to stamp duty?

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