Save on your Cavanna home purchase, thanks to new Stamp Duty changes

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On 23rd September 2022, the Government announced immediate reductions to Stamp Duty for anyone buying a new home in England.

So, what does this news mean for you?

  • Anyone buying a home up to the value of £250,000 will pay no Stamp Duty

  • First-time buyers will pay no Stamp Duty up to £425,000

 

What is Stamp Duty?

Stamp Duty is a tax you pay if you buy a residential property or a piece of land in England or Northern Ireland over a certain price.

 

How much Stamp Duty do I have to pay

The amount you pay will depend on the value of the property you’re purchasing. The Stamp Duty payable is a percentage of the property purchase price within each tax band. See here for more detail:

 

Where can I find out more about the Stamp Duty changes?

For more information about the permanent Stamp Duty changes click here or speak to the Sales Advisor at your chosen development.