Stamp Duty Land Tax (SDLT) is a tax paid on property or land purchases in England and Northern Ireland, with rates depending on the property's cost and whether it's for residential use. As of April 1st, the zero percent threshold will drop to £125,000 and the first-time buyers' threshold will revert to £300,000, with rates changing accordingly. Additionally, there will be a new 5% surcharge on properties worth up to £125,000 if you already own a property worth £40,000 or more.

Jersey politicians voted against increasing stamp duty by 5%, with 41 members opposing the proposition, three supporting it, and one abstaining. Deputy Max Andrews brought forward the proposal to address affordability issues, citing that people are leaving the island due to high living costs. He argued that an increase in stamp duty would allow more families to afford their first homes. Housing Minister Deputy Sam Mezec opposed the increase, saying the previous rise had a positive impact and given first-time buyers a chance in the housing market.

Stamp Duty Land Tax (SDLT) is a tax paid on property or land purchases in England and Northern Ireland, effective April 1. The current zero percent threshold will drop from £250,000 to £125,000, while the first-time buyer's threshold will revert to £300,000. The rates for properties worth less than £250,000 will increase from 0% to 2%, with higher rates applying to more expensive purchases. Additionally, an extra 5% surcharge will apply on top of existing rates when buying a second property or a share in a house.