Stamp duty has been unexpectedly overhauled, and once again Chancellor George Osborne has made an element of the tax system a bit better. (I know! I’m as surprised as anyone.)
stamp duty
Stamp duty for first-time buyers was scrapped in the budget, provided they contain themselves to spending less than £250,000. Easy, unless you live near London.
First time buyers will pay no stamp duty on houses up to £250,000, but spending £1 million costs more