The Government has granted a “Stamp Duty Land Tax Holiday” for purchasers in England and Northern Ireland.

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.

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. For further information on how this may affect you, please email enquiries@holleyandsteer.co.uk