# Abolish stamp duty on homes > “Conference, the next Conservative Government will abolish stamp duty on your home. It will be gone.” > > — Conservative Party; Leader's speech, Conservative Party Conference 2025, 8 October 2025 - **Status:** Promised - **Status ladder:** Promised → In plan → Legislated → Funded → Delivering → Delivered - **Policy area:** [Taxes](https://ledgergov.uk/promises/area/taxes) - **Speaker:** [Conservative Party](https://ledgergov.uk/actor/conservatives) - **Made on:** 8 October 2025 - **Where:** Leader's speech, Conservative Party Conference 2025 - **Cost a year:** Costs £8.1bn to £9.9bn a year (central £9bn) - **Who it affects:** UK residents buying a main home in England and Northern Ireland, at any price. Second and further homes, purchases by companies and by non-UK residents would still pay. Stamp duty is devolved in Scotland and Wales. - **When:** Not stated ("the next Conservative Government"); the party costed it for 2029-30 - **Paid for by:** From the £47bn of savings the party says it has identified (including £23bn from welfare, £8bn from cutting the civil service and £7bn from overseas aid). Under its Golden Economic Rule at least half of the savings go to cutting the deficit and the rest to tax cuts and pro-growth measures. - **Quote source:** https://www.conservatives.com/news/kemi-badenoch-closes-conference (checked word for word on 6 October 2026; Quoted for reporting; rights stay with the publisher) - **Last updated:** 6 October 2026 - **Card:** https://ledgergov.uk/promise/uk-con-stamp-duty-abolition-2025 ## Where it stands The Conservatives are not in government, so the card stays at Promised. Shadow Chancellor Andrew Griffith restated the pledge at the party's 2026 conference on 5 October 2026. ## Timeline - 8 October 2025, Promised: Kemi Badenoch pledges to abolish stamp duty on main homes in her conference speech ## About the cost Year shown: 2029-30, the year the party costed. The party's own estimate is £9bn in 2029-30 (central); it says the current cost is about £4.5bn, so the yearly cost rises over time. The Institute for Government says these figures are roughly consistent with forecasts: stamp duty raised just over £10bn in 2024-25, about half of it on additional homes. The party says it has not counted any extra tax from more housing sales. No OBR or HMRC costing of this pledge. Low–high is an editorial ±10% because the source gives a central figure only. Costing sources: - [Institute for Government: stamp duty land tax explainer](https://www.instituteforgovernment.org.uk/explainer/stamp-duty-land-tax) - [Chartered Institute of Taxation: Conservative Party Conference 2025 report](https://www.tax.org.uk/conservative-party-conference-2025-report) ## Corrections - 6 October 2026, the how much bn per year in version 1: The range mixed the current cost with the 2029-30 cost (a time profile). Cards show one year: the party's 2029-30 figure, with an editorial ±10% because the party gives a central figure only. Was: £4.5bn to £9bn a year. Now: £8.1bn to £9.9bn a year. ([source](https://www.instituteforgovernment.org.uk/explainer/stamp-duty-land-tax)) - 6 October 2026, the cost note in version 1: The £4.5bn is the current cost, not the 2029-30 cost at today's prices, so it cannot be the low end of a 2029-30 range. The note now gives the year shown, the editorial ±10% and the two costs as a time profile. Was: “The party's own estimate is £9bn in 2029-30 (used as central and high); it notes the cost at today's prices is about £4.5bn (low). The Institute for Government says these figures are roughly consistent with forecasts: stamp duty raised just over £10bn in 2024-25, about half of it on additional homes. The party says it has not counted any extra tax from more housing sales. No OBR or HMRC costing of this pledge.”. Now: “Year shown: 2029-30, the year the party costed. The party's own estimate is £9bn in 2029-30 (central); it says the current cost is about £4.5bn, so the yearly cost rises over time. The Institute for Government says these figures are roughly consistent with forecasts: stamp duty raised just over £10bn in 2024-25, about half of it on additional homes. The party says it has not counted any extra tax from more housing sales. No OBR or HMRC costing of this pledge. Low–high is an editorial ±10% because the source gives a central figure only.”. ([source](https://www.tax.org.uk/conservative-party-conference-2025-report)) - 6 October 2026, the funded by in version 1: The entry shortened the party's wording. Its policy page says the rest goes to "tax cuts and pro-growth measures". Was: “From the £47bn of savings the party says it has identified (including £23bn from welfare, £8bn from cutting the civil service and £7bn from overseas aid). Under its Golden Economic Rule at least half of the savings go to cutting the deficit and the rest to tax cuts.”. Now: “From the £47bn of savings the party says it has identified (including £23bn from welfare, £8bn from cutting the civil service and £7bn from overseas aid). Under its Golden Economic Rule at least half of the savings go to cutting the deficit and the rest to tax cuts and pro-growth measures.”. ([source](https://www.conservatives.com/policy)) ## Sources - [Conservatives: Kemi Badenoch Announces Our Plan to Abolish Stamp Duty (speech text), 8 Oct 2025](https://www.conservatives.com/news/kemi-badenoch-closes-conference) - [Conservatives: Our Plan To Get Britain's Economy Growing (Andrew Griffith speech), 5 Oct 2026](https://www.conservatives.com/news/our-plan-to-get-britains-economy-growing) - [Conservatives: policy page (savings list and Golden Economic Rule)](https://www.conservatives.com/policy) - [Institute for Government: stamp duty land tax explainer (Badenoch pledge section)](https://www.instituteforgovernment.org.uk/explainer/stamp-duty-land-tax) - [Chartered Institute of Taxation: Conservative Party Conference 2025 report](https://www.tax.org.uk/conservative-party-conference-2025-report) ## Checks - Checked by AI Journalist (automated) on 6 October 2026; human editor review to come. --- Public Ledger's own writing (headlines, status notes, cost notes, summaries) is licensed under [Creative Commons Attribution 4.0 (CC BY 4.0)](https://creativecommons.org/licenses/by/4.0/): reuse it, crediting Public Ledger with a link to the card. Official figures are under the [Open Government Licence v3.0](https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/) unless their source says otherwise; quotes from Parliament under the [Open Parliament Licence v3.0](https://www.parliament.uk/site-information/copyright-parliament/open-parliament-licence/); other quotes are short extracts whose rights stay with the speaker. How the numbers and statuses are made: https://ledgergov.uk/method.