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Stamp taxes: SDLT relief for first-time buyers

Stamp taxes: SDLT relief for first-time buyers

Stamp taxes: SDLT relief for first-time buyers

As announced in the Labour Government's March 2010 Budget for transactions on or after 25 March 2010 and before 25 March 2012 the threshold for the purposes of stamp duty land tax for qualifying first-time buyers of residential property is £250 000. HMRC has now provided that 'relief code 32' should be entered in the SDLT return in order to claim the relief.

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