STAMP DUTY HOLIDAY EXTENDED IN SPRING BUDGET

Stamp duty holiday deadline extended in Spring Budget The government has today announced that the temporary stamp duty holiday in England and Northern Ireland has been extended until the end of June 2021.

The news will come as a relief to those buyers and sellers who have been desperately trying to get their sale completed in time to meet the previous deadline of 31st March.

The temporary stamp duty holiday, first announced by the government in  July last year, means that if you are buying a home up to the value of £500,000 you will not pay any stamp duty. The extension means you now have until 30th June to complete on the purchase to make the stamp duty saving.

To smooth the transition back to normal, the nil rate band will be £250,000, double its standard level from July until the end of September.

It will return to the usual threshold of £125,000 on 1st October 2021.