Page last updated at 13:13 GMT, Wednesday, 24 March 2010

Darling announces stamp duty change in Budget

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First-time home buyers will pay no stamp duty on properties worth up to £250,000.

Chancellor Alistair Darling made the announcement during his Budget statement in the Commons.

The move will be paid for by an increase in stamp duty to 5% for properties worth more than a million pounds.

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