Earlier this month, the Stamp Duty Land Tax (SDLT) holiday began to phase out. From 1 July 2021, the SDLT NIL rate was lowered from £500,000 to £250,000 on residential homes. The Stamp Duty Land Tax holiday will now only apply to residential homes costing £250,000 or less. The government introduced the holiday in June
Ahead of the Budget announcement next week, there has been a lot of speculation surrounding what the Chancellor is set to announce. According to media sources, Rishi Sunak is planning to extend the Stamp Duty holiday until the end of June. The current deadline for the holiday extension is 31st March. The Chancellor has been
Following the result of over 100,000 signatures on an online petition to extend the stamp duty land tax holiday, parliament announced that MP’s will debate extending the holiday on 1st February 2021. The stamp duty land tax holiday was introduced last year to try and keep the housing market stable during the coronavirus pandemic. The
The housing market slumped last year when the UK went into its first lockdown, as a result of the coronavirus. When the market reopened, Chancellor Rishi Sunak announced a Stamp Duty Land Tax holiday, which saw the threshold for paying stamp duty raised from £125,000 to £500,000 until 31st March 2021. According to Rightmove, house
