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Tories will scrap stamp duty on primary residences, Kemi Badenoch tells conference

The Guardian•Wednesday, October 8, 2025 at 11:29:38 AM

PositiveFinancial Markets

Tories will scrap stamp duty on primary residences, Kemi Badenoch tells conference

Kemi Badenoch, the leader of the Conservatives, announced a significant tax cut plan during her recent conference speech, promising to abolish stamp duty on primary residences if her party wins the next election. This move aims to enhance the party's economic credibility and provide relief to new homebuyers in England and Northern Ireland, where the tax currently applies to properties over £125,000. This policy could potentially stimulate the housing market and make homeownership more accessible, which is crucial for many families looking to buy their first home.

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