Stamp duty is the tax you pay when buying properties above a certain value – £125,000 in England and Northern Ireland. It was scrapped for most first-time buyers in November 2017 as part of first-time buyers relief.
Since then, HMRC says over 180,500 buyers have received the tax relief, together saving an estimated £426 million.
In the latest Budget published last month, stamp duty relief was extended to first-time buyers who use shared ownership schemes – and this extra relief is also being applied retrospectively to transactions made since 22 November 2017.
See our Stamp Duty Calculator for more info on how stamp duty land tax works and how much you should be paying.