Stamp duty holiday extended to September

The stamp duty holiday has been extended by six months until the end of September, an extension that includes a tapering of support, with the nil-rate band gradually lowering from June. The extension applies to all transactions in England and Northern Ireland, meaning buy-to-let investors will continue to benefit from the tax savings. The deadline for buyers to take advantage of the higher £500,000 nil-rate band has been extended by three months. This means that buyers can save up to £15,000 in tax if they can complete their sales by June 30. After this date, the nil-rate band will drop to £250,000 until September 30^th, with the maximum tax savings falling to £2,500 during this period. From October 1^st, the nil-rate band will fall back to its original level of £125,000.

The Daily Telegraph (03/03/2021)   The Times (03/03/2021)    Financial Times (03/03/2021)