The Government has granted a “Stamp Duty Land Tax Holiday” for purchasers in England and Northern Ireland. From 8th July 2020 to 30th June 2021, anyone completing on their main residence costing up to £500,000 will not pay any stamp duty. From the 31st of July 2021, the Stamp Duty threshold will drop to £250,000 up until 30th September 2021 before returning to normal from 1st October 2021. This change is aimed to help the property market following the financial hit of the coronavirus crisis.
For further information on how this please visit the Gov.uk website.
We are able to provide a full commercial conveyancing service for buying, selling, renting or developing commercial property, acquisitions and disposals. Our commercial property solicitors are also experienced in all aspects of law relating to landlords and tenants. This includes advice on letting, sub-letting, assignments, negotiation and surrender of leases.
As this is a complex area that is dependent on individual circumstances, please contact us for an in depth discussion on how we may assist.
For further information please email email@example.com or call our office on 01278 788991.