Today’s Budget announcement has included the announcement that the Stamp Duty holiday has been extended to 30th June 2021. This is an additional 3 months from the original proposed end date of 31st March 2021.
This means that there will be NO SDLT to pay if replacing main residence and buying for £500,000 or less.
In addition to this, following the end of the Stamp Duty Holiday, NO SDLT will be payable if replacing main residence and buying for £250,000 (“the nil rate band”) or less from 30th June to 30th September. As from 30th September the nil rate band goes back down to £125,000.
If you have any queries about the Stamp Duty Holiday or are in the process of buying a property and would like a quote or further information, please contact our residential conveyancing department on 01904 624903.
During her time here, she has developed a broad range of experience in all aspects of residential conveyancing and has built long term relationships with many of her clients who choose to return to her to guide them through the process of buying or selling their next property.
Vicky prides herself on explaining the conveyancing process to her clients without any “legal jargon” so that they can always understand what is happening.
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