01202 303044
Stamp Duty Holiday Extended Until June 2021

Stamp Duty Holiday Extended Until June 2021

Rishi Sunak announced in the Spring Budget that the temporary stamp duty holiday in England and Northern Ireland has been extended until June 2021.

The news comes as a relief to buyers and sellers who were hoping to get their sale completed in time to meet the previous deadline of March 31st.

What does the temporary stamp duty holiday mean for you?

The temporary stamp duty holiday, first announced by the government on 8th July last year, means that if you are buying a home up to the value of £500,000 you will not pay any stamp duty.

With the extension being announced, it now means you have until 30th June to complete on the purchase to make the stamp duty saving. Then, to smooth the transition back to normal, the nil rate band will be £250,000, double its standard level, until the end of September.

It will return to the usual threshold of £125,000 on 1st October.

Rishi Sunak said ‘The cut in stamp duty I announced last summer has helped thousands of people buy a home and supported the economy at a critical time. But due to the sheer volume of transactions, we’re seeing many new purchases won’t complete in time for March’

With the stamp duty holiday extension being announced, this should give thousands of home-movers the opportunity to complete before the new deadline.

If you are looking to buy or sell, now is the time to do it. Please get in touch by calling Bournemouth Estate Agent, Lovett International on 01202 303044 to arrange a free no obligation valuation on your property. Alternatively, email us on info@lovettinternational.com

Lovett LASTEST NEWS

Jul 20

Lovett Add World Leading HD Virtual Camera To Their Arsenal

Have you seen our Giraffe? As an award-winning Estate Agent in Bournemouth and Poole, Lovett treat each and every property with the same care and attention as if it was their own. With this in mind, we take great pride in offering a tailored marketing package that will suit each and everyone of our clients’ […]

Jul 08

Highest Number Of UK Property Sales In Over A Decade!

Recent data from Rightmove says there were 704,000 property sales going through in June, which is the highest in the last decade. At the start of the year, this figure stood at 613,000 but with the stamp duty tax holiday frenzy, which ended on June 30th, it’s no surprise that this number has rocketed since then! And […]

Lovett OUR BRANCHES

  • Poole

    241 Ashley Road
    Poole
    Dorset BH14 9DS
    UK

  • Maintenance Office

    455 Christchurch Road
    Bournemouth
    Dorset
    BH1 4AD

  • Bournemouth

    716 Christchurch Road
    Boscombe
    Dorset
    BH7 6BZ

  • Pokesdown

    936 Christchurch Road
    Pokesdown
    Dorset
    BH7 6DL

Tel: 01202 303044   /   Fax: 01202 705920

Email: info@lovettinternational.com