Home Economy FirstFT: Home buyers gain £6bn tax break from Covid stamp duty holiday

FirstFT: Home buyers gain £6bn tax break from Covid stamp duty holiday

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Home buyers in England received a £6.4bn tax break from the stamp duty holiday introduced after the first coronavirus lockdown, with roughly half the savings benefiting those who bought properties over £500,000, according to an analysis by property agent Savills.

The figure, based on an analysis of official data, underlines the scale of the hit to tax revenues from the measure. It was introduced by Rishi Sunak, the chancellor, in July last year to boost the housing market after the pandemic restrictions were lifted.

But property experts questioned how much…

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