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Chancellor Philip Hammond has today unveiled a cut in Stamp Duty Land Tax (SDLT) for first-time buyers, which will be effective straight away.

The cut will be for all stamp duty for first-time buyers for properties up to £300,000.

It will also apply to the first £300,000 for properties worth up to £500,000 purchased by first-time buyers.

Please see below for full details from HM Treasury (source link)