Chancellor Philip Hammond’s Budget today has provided relief for those looking to climb on to the UK property ladder after abolishing stamp duty for first time buyers of property under £300,000. At the same time HM Treasury has announced further legislation to clampdown on tax evasion and avoidance.

Mr Hammond told MPs that "house prices are increasingly out of reach for many" with a drop in ownership for those under 34 despite housebuilding at highest level since the crash and the Help to Buy scheme.

In response the Chancellor abolished stamp duty for first-time buyers purchasing properties worth up t...