The chancellor Rishi Sunak is once again being urged to abolish stamp duty and replace it with a new levy.
SDLT is not a problem for first time buyers as holiday ends
Some 80 per cent of the property market will remain free of stamp duty for first-time buyers, even after the current holiday extension finally ends.
Stamp Duty changes and Furlough Bonus scheme announced by Sunak
Chancellor of the Exchequer Rishi Sunak has announced that there will be no stamp duty on homes selling for £500,000 or less; this temporary holiday will last until the end of March 2021. The threshold for ‘no stamp duty’ therefore rises with immediate effect from £125,000 to £500,000. The Chancellor claims that this means nine out of 10 main homes …
Government considering changes to SDLT causes immediate and significant negative effect on the housing market
The governments announcment has thrown the housing market into chaos.