The temporary tax break will apply to homes bought between July 8 and March 31 2021.
It means people buying a new home worth £500,000 or under will not have to pay any stamp duty, and for properties costing more the new owners will only be taxed on the value above that amount.
Buyers will be able to save up to £15,000 as a result if they are buying a property worth £500,000 or more – the average saving drops to £10,000 for a home worth £400,000, and £5,000 for a £300,000 property.
Here are 15 properties which are currently on sale in Portsmouth which you could save money on as a result.
To find out more visit the Zoopla link next to each property or contact the named estate agent directly.
Could one of these be your dream house?