Not Quite The End For Stamp Duty Relief…
The stamp duty tax holiday, which was introduced last year by Chancellor Rishi Sunak to stimulate the property market during the pandemic, will end in its current form today [30 June 2021].
However, the chancellor has provided an extension with a reduced threshold of £250,000 until 30 September 2021 – down from £500,000.
This means that anyone completing on the sale of a main residence costing up to £250,000 will not pay any stamp duty. Properties exceeding £250,000 are only taxed on the value exceeding that threshold.
Take advantage of the saving before it’s too late and get in touch with our sales team today on 020 8652 9854.