The Stamp Duty Land Tax holiday, followed by the extension of its deadline, has meant that the property market has been nothing short of chaotic in recent months. This tax holiday has given buyers the chance to purchase a home without having to pay any Stamp Duty at all on the first £500,000. The usual...
Tag: stamp duty
Revised Stamp Duty Holiday Deadline Looming
The Government’s Stamp Duty Land Tax (SDLT) holiday initiative provides up to a £15,000 saving when buying a residential property. This Stamp Duty relief for properties up to £500,000 is set to end on 30th June 2021, and to many, that will seem a lifetime away. However, for those involved in the conveyancing process, it’s...