The Chancellor announced on 8 July 2020 a string of measures aimed at kick starting the UK economy following the coronavirus crisis and temporarily reducing certain taxes, including stamp duty land tax (SDLT).
A temporary reduction in SDLT has been announced with effect from 8 July 2020 until 31 March 2021. The threshold above which SDLT becomes payable has increased from £125,000 to £500,000.
See Jayne's handy FAQ sheet.
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