News

Stamp duty holiday

The stamp duty holiday on house purchases has been extended till the end of June. Chancellor Rishi Sunak made the announcement in his March Budget.

The property purchase tax has been suspended on the first £500,000 of all house sales in England and Northern Ireland since July. When the stamp duty is reintroduced the nil rate band will be set at £250,000, double the £125,000 standard level, until the end of September. This is “to smooth the transition back to normal” from 1 October.

3 March 2021

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