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<p>Most owners wishing to downsize are likely to have equity in their current property,
and are already exempt from Capital Gains Tax on any gain made on their main residence.
For most of those looking to downsize, the SDLT due on the move-in property will be
small, and in most cases, it will be lower than estate agent’s fees.</p><p> </p><p>The
Government therefore has no current plans for a further relief for those looking to
downsize. The Government’s priority is to support first time buyers, which is why
the Autumn Budget 2017 announced the introduction of First-Time Buyers’ Relief. Since
its introduction, 288,300 households have benefitted from First-Time Buyers’ Relief,
saving around £2,360 on average.</p>
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