Stamp Duty Land Tax is currently only paid by buyers who are purchasing an English residential property which is valued above £500,000. The Stamp Duty rate varies depending on the price of properties and the number of properties owned. The SDLT Holiday which was due to end on 31st March 2021 has now been extended…
Stamp Duty Land Tax (SDLT) is a compulsory tax which must be paid if you buy a property over a certain price in England. The current SDLT threshold for residential properties is £500,000; however, this is changing from the 30thJune 2021. From 1st April 2021, a new SDLT rate was introduced for buyers of residential…
Chancellor Rishi Sunak today announced a stamp duty holiday for buyers which will run until 31 March 2021. This means that buyers will pay no Stamp Duty on the first £500k when they move home, meaning the average stamp duty bill will fall by £4,500. The proposals to exempt most homebuyers from paying any stamp…
