< Back to blog

Stamp Duty Holiday and what it means for you Posted On 11 July 2020

On Wednesday, Rishi Sunak announced a Stamp Duty Holiday until March 2021.

As part of the government’s plans to boost the economy, especially the property market, Sunak has increased the stamp duty threshold to £500,000 for property sales in England and Northern Ireland.

This means anyone completing on a main residence under £500,000 from now until the 31st March 2021 will not pay any stamp duty, and anyone completing on a property over £500,000 will only be taxed on the amount above £500,000. A move which could save buyers as much as £15,000.

What does this mean for you as a buyer or a seller? Contact us today to find out more…

< Back to blog

Connect with us

Recent Posts

Stamp duty holiday set to be extended for three months

Chancellor making preparations to extend the stamp duty holiday until the end of June   With the deadline of the stamp duty holiday approaching, Chancellor Rishi Sunak has been drawing up plans to extend it for a further three months until the end of June. The move will benefit those with purchases still going through, …

Read more...

Breaking News – Stamp Duty Holiday extension

Stamp Duty holiday to be extended until the end of June Great news for buyers today as Rishi Sunak is set to announce an extension of the Stamp Duty Holiday. The extension will run until the end of June and will come as a relief to those with purchases going through and will surely prompt …

Read more...

Motivation: It’s an attitude thing

Are you struggling to keep your motivation up working from home? Here are some helpful tips to keep you at your best.   A lot of us have been working at home for nearly a year now. Some are lucky and have a natural motivation, while others may struggle, perhaps without other people in the …

Read more...

End of homeschooling to increase the number of properties coming to the market

Buyer demand and house prices rising and new properties coming to the market are expected to rise in line with the schools going back   The latest study by Rightmove shows that demand from buyers is growing, with numbers so far this year way ahead of last year, however, buyer demand is outstripping new supply. …

Read more...

118 days to go!

Light at the end of the tunnel, as Boris Johnson announces ‘Roadmap” out of Lockdown which could mean a return to normality in 118 days   Yesterday, Prime Minister Boris Johnson announced the “roadmap” for easing restrictions in England and finally coming out of this long winter lockdown. The long-term aim is to lift all …

Read more...