On Wednesday 30th June, the Stamp Duty Land Tax holiday will start to phase out, with the threshold of £500,000 coming to an end. Buyers Rushing to Complete Transactions The Stamp Duty holiday has been saving people up to £15,000 on their housing purchases. The usual threshold is £125,000 but during the holiday, buyers have…
Tag: stamp duty land tax
Stamp Duty Holiday Deadline Looming
The 31 March 2021 sees the end of the Stamp Duty Land Tax (SDLT) holiday. The Government initiative provides up to a £15,000 saving when buying a new house.Continue reading
Good News for First-Time Buyers Following 2018 Autumn Budget
Monday marked the day of the 2018 Autumn Budget, in which chancellor Philip Hammond delivered a 72-minute speech covering stamp duty, welfare & pensions, Brexit and many other areas concerning the nation. In terms of stamp duty, this Budget brings rather good news for first-time buyers! Mr Hammond announced that the 0% stamp duty relief…