As has been widely reported, the government has changed the rules for first time buyers buying properties under £500K. This is a permanent change and significantly reduces the tax liability for those buying their first property. As ever, the changes are somewhat complex, and the government has produced a guidance paper which gives full details.
![Changes to Stamp Duty Land Tax (SDLT) for first time buyers](https://thepartnershiplimited.com/assets/frontend/images/blogs/Untitled-1.jpg)