The relief of Stamp Duty Land Tax is being tapered out with the biggest reduction ending on 30th June. How will this affect the Housing Market?
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…