< Back to blog

Stamp Duty Holiday and what it means for you Posted On 11 July 2020

On Wednesday, Rishi Sunak announced a Stamp Duty Holiday until March 2021.

As part of the government’s plans to boost the economy, especially the property market, Sunak has increased the stamp duty threshold to £500,000 for property sales in England and Northern Ireland.

This means anyone completing on a main residence under £500,000 from now until the 31st March 2021 will not pay any stamp duty, and anyone completing on a property over £500,000 will only be taxed on the amount above £500,000. A move which could save buyers as much as £15,000.

What does this mean for you as a buyer or a seller? Contact us today to find out more…

< Back to blog

Connect with us

Recent Posts

Most unique and prestigious advent calendars for the whole family this Christmas.

Believe it or not, Christmas is coming, and it’s perhaps come around quicker than most Christmases before it… So it’s time to start thinking about advent calendars!   It’s true that we usually prefer to be eating chocolate each morning of December on the lead up to good ol’ Christmas, for it’s a time to …

Read more...

UK average house prices increase to record highs

Average house price increases by 4.7% over the year to September   According to the latest UK House Price Index from the ONS and the Land Registry, average UK house prices rose by 4.7%, up from 3.0% in August to a record high of £245,000.   This comes before a second boost to the property …

Read more...

Football-mad, Imogen raises over £14k for charity

An 11-year-old football-mad girl has done one keepie-uppie for each keyworker in the UK to raise money for charity.   Imogen Papworth-Heidel, a Cambridgeshire schoolgirl, was so inspired by Sir Captain Tom’s charity work during lockdown that she decided to set up a Just Giving page of her own. Imogen decided to do one keepie-uppie …

Read more...

Lockdown 2.0 sparks a surge in property enquiries

New lockdown restrictions in England have increased property market activity, similar to the easing of the first lockdown surge.   When the first lockdown restrictions were eased, they sparked a record surge in new enquiries for vendors, buyers, landlords and tenants and over the past week, since Lockdown 2.0 was introduced, the market has seen …

Read more...

Thousands of people decorate for Xmas early

Huge numbers of people are already putting the Christmas decorations after a difficult year…   With 2020 being a year like no other, thousands of people are putting their Christmas decorations up early to spread festive cheer and bring a bit of magic and joy to the end of this troubled year.   Whether you …

Read more...