The Chancellor Rishi Sunak, has today outlined plans to extend the current Stamp Duty Holiday deadline as part of his 2021 budget announcements.
The original deadline was 31 March 2021, but the new announcment means that:
Until 30 June 2021, no stamp duty will be charged on a residential property bought for up to £500,000.
Until 30 September 2021, no stamp duty will be charged on a residential property bought for up to £250,000.
From 1 October 2021, the stamp duty rate returns to pre-Covid-19 thresholds.
The original deadline was 31 March 2021, but the new announcment means that:
Until 30 June 2021, no stamp duty will be charged on a residential property bought for up to £500,000.
Until 30 September 2021, no stamp duty will be charged on a residential property bought for up to £250,000.
From 1 October 2021, the stamp duty rate returns to pre-Covid-19 thresholds.
To see how you could benefit from the extension, give our office a call on 01744 22816 or click here to fill out our enquiry form
