The Tories have vowed to abolish stamp duty what is it and what will Labour do?
Briefly

The Tories have vowed to abolish stamp duty  what is it and what will Labour do?
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"What is stamp duty? Stamp duty land tax is charged by HMRC, which you have to pay when buying a property or piece of land over a certain price. You have to pay stamp duty on residential properties in England and Northern Ireland costing more than 125,000, unless you are a first-time buyer. Separate property taxes apply in Scotland and Wales."
The Independent sends reporters to cover issues including reproductive rights, climate change and Big Tech, investigates political funding and produces documentaries such as 'The A Word'. Donations fund on-the-ground journalism and enable reporters to present multiple perspectives. The Independent emphasizes trust across the political spectrum and deliberately avoids paywalls so reporting remains freely accessible, funded by those who can afford it. Kemi Badenoch has pledged to abolish stamp duty if the Conservatives win the next election, framing the change as a way to help millions achieve home ownership. Stamp duty land tax is charged by HMRC on property purchases above specified thresholds, with separate rules in Scotland and Wales and first-time buyer relief in England and Northern Ireland.
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