Today the chancellor Jeremy Hunt announced that the stamp duty changes announced at the end of September will revert back. The date for this is March 2025! So it shouldn’t effect anyone’s current purchase but it is something to be mindful of. All buyers currently pay no stamp duty up to £250,000 with first time buyers paying no stamp duty to £400,000 After March 2025 the stamp duty threshold will revert back to £125,000 with buyers paying 2% over this figure until £250,000 where the 5% rate kicks in. The first time buyer threshold will revert to £300,000. Changes were also announced with regards to the reduction in tax free capital gains allowances. It will be slashed from £12,300 to £6000 April 2023 and halved again to £3000 in April 2024. This will mean higher tax bills for landlords disposing of buy to lets.