The Government has announced an extension to the stamp duty holiday that is available on homes up to the value of £250,000.^ This could save homebuyers purchasing a house - at any price in England - up to £2,500, if you complete on your new home by 30th September, 2021.
What Is Stamp Duty?
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property, for example a house or flat. Stamp Duty only applies to properties over a certain value. The amount you pay depends on:
> When you bought the property
> How much you paid for it
Rates from 1 July 2021 - 30 September 2021
The Government has announced an extension to the stamp duty holiday that is available on homes up to the value of £250,000.^ This could save homebuyers purchasing a house - at any price in England - up to £2,500, if you complete on your new home by 30th September, 2021
Example
In August 2021 if you buy a house for £275,000. The Stamp Duty you will pay will be calculated as follows
0% on the first £250,000 5% on the remaining £25,000 = £1,250 Total Stamp Duty = £1,250
Find Your New Home
There has never been a better time to buy! Take advantage of the stamp duty holiday and talk to our sales team about the additional ways we can help you move.
