top of page

Extension of the stamp duty holiday

Good news for the property market!

Chancellor Rishi Sunak's extension of the stamp duty holiday is confirmed for properties of up to £500,000 for a further three months - This news will certainly be received well by property buyers, and a further huge boost to the property market.

The stamp duty holiday runs until 30 June, then applies only on properties up to £250,000 until the end of September. The pre-Covid level of £125,000 is set to return in October.

Buyers can save as much as £15,000 on a purchase price of £500,000 and with lockdown showing signs of easing and the early summer months often a favourite time for property hunters, it's likely to be a busy time for buyers, sellers...and estate agents.

There is always a possibility of the Government 'tapering' the arrangement at the end of the window to avoid last-minute deals missing out.

Sunak said, 'The cut in stamp duty I announced last summer has helped hundreds of thousands of people buy a home and supported the economy at a critical time. But due to the sheer volume of transactions we're seeing, many new purchases won't complete in time for the end of March.'


bottom of page