The UK has published the Stamp Duty Land Tax (Temporary Relief) Act 2023, which received Royal Assent (was enacted) on 8 February 2023. The Act provides a temporary reduction in the amount of stamp duty land tax chargeable on the acquisition of residential property through an adjustment in the bracket rates and thresholds, which are based on the acquisition price. For the acquisition of a single residential property, the brackets and rates are as follows:
- up to GBP 250,000 - 0%
- over GPB 250…