Conveyancing Association response to Stamp Duty announcement in Autumn Statement

Responding to the Chancellor’s announcement today of immediate changes to Stamp Duty Land Tax rates, Eddie Goldsmith, Chairman of the Conveyancing Association said:

“The majority of home buyers will very much welcome the changes announced today regarding Stamp Duty and the abolition of the crude ‘slab’ system. Stamp Duty is one of the forgotten costs of the home buying process and can be a major barrier to a purchase reaching completion. The fact that the majority of buyers, particularly those seeking to get onto the housing ladder, will see their tax reduced as of tomorrow is a welcome reform. It will help keep the market buoyant and give more buyers the chance of owning their first home.”