Stay updated with breaking news from Simon nosworthy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Auctioned properties formerly owned by landlords on the rise propertywire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from propertywire.com Daily Mail and Mail on Sunday newspapers.
Missed the stamp duty holiday deadline? We explain what to do if your chain breaks thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
By Monidipa Fouzder2021-03-03T11:14:00+00:00 Rishi Sunak today announced that the stamp duty land tax holiday will be extended by another three months as part of measures to turn generation rent into generation buy . Delivering his Budget statement in the commons this lunchtime, the chancellor of the exchequer said the stamp duty holiday will now end on 30 June instead of 31 March. To smooth the transition back to normal , the nil rate band will be £250,000 - double its standard level - until the end of September. The government will return to the usual level of £125,000 from 1 October. Even with the stamp duty cut, Sunak said the cost of a deposit remained a significant barrier to people getting on the housing ladder. ....
The industry has been reacting to the news that the stamp duty holiday could be extended to June in the upcoming March Budget. Some have warned against an extension, suggesting that more problems could arise and that it is delaying an inevitable ‘cliff edge’, whilst others have welcomed the news. Simon Nosworthy, head of the residential property department at Osbornes Law, explained that while the stamp duty holiday has provided a boost to the housing market, he believes that letting the holiday conclude on 31 March “would not be a bad thing.” He said: “Conveyancers like me and estate agents have probably never been busier thanks to the holiday. ....