Stamp Duty Land Tax Reduction Bill Introduced And First And Second Readings

October 26, 20220

The Stamp Duty Land Tax (Reduction) Bill 2022-23 was introduced and given its first and second readings in the House of Commons on 24 October 2022. The reduction of SDLT for certain acquisitions of residential property in England and Northern Ireland, by increasing the threshold below which no SDLT is paid and increasing the thresholds for first-time buyer’s relief was announced at the 2022 Autumn Statement (Growth Plan 2022) and took effect from 23 September 2022.

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