Stamp Duty Holiday

Posted on: 16 June 2021

Stamp Duty Holiday

The current Stamp Duty Land Tax (SDLT) holiday first introduced on 8 July 2020 following the first covid19 lockdown comes to a partial end on 30 June 2021 when the zero rate for transactions up to £500,000 is removed.

This will be replaced by a zero rate for transactions up to £250,000 until 30 September 2021 after which, they will revert to the pre-lockdown rates.

Therefore there is still an opportunity to make a saving of up to £2,500 in tax on a property purchase if you complete your transaction before 30 September 2021. This applies to homebuyers and investors alike.

However, with the average time for the conveyancing process still taking around 3 months from sale agreed to completion, time is running out to make the saving.

We've produced a handy stamp duty calculator that allows you to calculate your SDLT liability based upon your circumstances and likely completion date.


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