Rishi Sunak is expected to announce an immediate cut to stamp duty to boost the housing market. However, it is not yet known whether the temporary tax break will apply just to first-time buyers or all house purchases. The Chancellor is expected to raise the threshold from £125,000 to £500,000 – properties costing up to £500,000 accounted for nine in 10 of all transactions last year.
SOURCE: The Daily Telegraph Photo: The Sun Newspaper
