stamp duty rules have been updated

Stamp Duty

Chancellor of the Exchequer Rishi Sunak announced that, from 8th July, there will be no stamp duty on homes selling for £500,000 or less in England and Northern Ireland. This temporary tax holiday will last until the end of March 2021.

The threshold for 'no stamp duty' therefore rises from £125,000 to £500,000; meaning that around 90% of property transactions will be exempt from tax obligations. It is envisaged that this move will push previously nervous buyers into a sale, which is hoped to further fuel the housing market.

Together with lowered interest and mortgage rates, this change makes now a good time to be selling and buying.

If you are thinking of doing just that and require a professional building survey or related service, please get in touch today at or alternatively speak to one of our friendly advisers at 0330 0419 031.

Click this link to an article to read more about the changes to stamp duty:

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