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Mr Sunak confirmed: So, due to the sheer volume of transactions we re seeing many new purchases won t complete in time for the end of March. So I can announce today. The £500,000 nil rate band will not end on the 31st of March, it will end on the 30th of June, 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, and we will only return to the usual level of £125,000 from October 1.  In responding to the announcement, Francesca Carlesi, the Co-founder and CEO of Molo Finance, had the following to say: The extension is a responsible move by the Government.

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