UK PM Burnham rules out stamp duty changes in next budget

Prime Minister Andy Burnham announced that the upcoming budget will contain no changes to stamp duty, meaning homebuyers and property investors will receive no tax relief. The decision freezes property transfer taxes at their current levels.

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UK PM Andy Burnham rules out stamp duty changes in next Budget; what it means

rss:toi-topinternational63d ago kagi ↗

In a recent statement, Prime Minister Andy Burnham announced that there will be no changes to stamp duty this year, meaning homebuyers and investors will not benefit from any tax relief. Instead, the government will concentrate on various fiscal priorities, with Burnham hinting at potential tax increases to support public spending, as stamp duty has historically provided substantial revenue for th