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Stamp duty holiday: How will it work?

Stamp_Duty_Paid_mark_for_British_cheques_from_1956.jpg?profile=RESIZE_400xThe chancellor has announced a temporary holiday on stamp duty on the first £500,000 of all property sales in England and Northern Ireland.

The level at which the tax is charged has been temporarily raised until next March to £500,000 to boost the property market and help buyers struggling because of the coronavirus crisis.

The changes have come in with immediate effect.

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BBC News

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