Stamp Duty Holiday Extension Announced In Latest Budget

As recently leaked to The Times, the Chancellor Rishi Sunak has today unveiled a temporary extension to the stamp duty holiday as part of his Budget announcements.


The holiday was first introduced last summer as part of the Government’s economic response to the Covid-19 pandemic. Since then, buyers have benefitted from stamp duty not being levied on the first £500,000 of their residential property purchases (n.b. the 3% surcharge has continued to apply to second homes), with the result that most transactions under this threshold attracted no duty at all and those above it received a tax savings of £15,000.


Read the full article here.

0 views0 comments

Recent Posts

See All

In an increasingly globalized world, it is extremely important to understand what is involved in enforcing judgments against foreign assets. Given that there is no global system for enforcing a judgme