Stamp duty holiday extended to end of June
The stamp duty holiday on house purchases has been extended for a further three months!
The property purchase levy has been suspended on the first £500,000 of all sales in England and Northern Ireland since July until 31st March 2021.
The extension tax break for will now continue until the end of June.
After that the nil rate band will be set at £250,000 - double its standard level - until the end of September.
The stamp duty holiday was introduced to help buyers who might have taken a financial hit because of Covid. It was also intended to boost a property market hit by lockdown.
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Read more: https://www.which.co.uk/news/2021/03/could-the-stamp-duty-holiday-be-extended/ - Which?