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!
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