Tories promise to raise Stamp Duty threshold to £250,000

The Tories say the move would exempt almost all first-time buyers from paying the tax and completes the £4bn package of tax cuts the party says it can make during the life of the next Parliament if elected, which would be paid for by saving 2p in every pound of "waste and unnecessary bureaucracy". Lifting of the threshold from £120,000 on domestic properties and £150,000 on commercial properties will, say the Tories, free up to half a million homebuyers a year from paying Stamp Duty, with 80% of those looking to move home paying no duty at all. The Conservatives claim the average home...