House buyers sighed in relief at further extension to the stamp duty land tax holiday to the end of June
House buyers, along with their conveyancers, sighed in relief with news of a further extension to the stamp duty land tax (SDLT) holiday to the end of June 2021.
An estimated 100,000 buyers were attempting to beat the 31 March deadline to avoid a tax bill.
Government has also announced a taper approach to smooth the transition to normal SDLT rules. From the 30 June, the nil rate band will reduce from £500,000 to £250,000 until the end of September before reverting to £125,000.
Paul Smee, non-executive chair of the Conveyancing Association, commented: “The Chancellor has recognised the economic boost which an active housing market gives to the wider economy and we are pleased he is not bringing th...