STAMP DUTY HOLIDAY
The Chancellor Rishi Sunak has announced a stamp duty ‘holiday’ which will apply until the end of March 2021.
The threshold at which stamp duty kicks in has been increased from £125,000 to £500,000. The Treasury estimates that 9 out of 10 purchasers will pay no stamp duty, with an average saving of £4500.00.
For more information click on the link below:
https://www.gov.uk/guidance/stamp-duty-land-tax-temporary-reduced-rates