July 2020 - Larcomes

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Property buyers receive welcome stamp duty holiday break

July 29, 2020 11:57 am

Stamp Duty Holiday Announced As part of the many plans put in place to assist the economy following the coronavirus crisis and to boost the property market, home buyers have been given a welcome temporary holiday on stamp duty on the first £500,000 of all property sales in England and Northern Ireland. Chancellor Rishi Sunak told the House of Commons in a special statement at lunchtime on 8 July that he would immediately increase the ‘nil-rate’ band of stamp duty from £125,000 to £500,000. The ‘stamp...
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