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Stamp Duty Land Tax Holiday - 8th July 2020

Stamp Duty Land Tax Holiday - 8th July 2020
Jayne Gill Jul 08,2020
blog post

In his mini summer statement today Chancellor Rishi Sunak has announced a ‘stamp duty holiday’. From today until 31 March 2021 the threshold for payment of Stamp Duty Land Tax will increase from 125,000 to 500,000. This means anyone purchasing a property for less than 500,000 will pay no stamp duty. Anyone purchasing above 500,000 will benefit from a saving of 15,000. Act now to take advantage of this great saving.

Happy house hunting!