The Chancellor of the Exchequer Rishi Sunak has announced a temporary Stamp Duty Land Tax (SDLT) holiday for properties for £500,000 or less. The Stamp Duty Land Tax (SDLT) holiday will be in place until the end of March 2021, as part of a range of plans to stimulate the economy during the Covid19 pandemic.
The threshold for 'no stamp duty' rises with immediate effect from £125,000 to £500,000.
The change to Stamp Duty Land Tax (SDLT) form part of a wider package of measures by the government designed to boost economic growth and further boost confidence in the housing market.
For more information, click here.
