What does the end of the stamp duty holiday mean for home movers?

From October the first, home buyers will have to pay stamp duty (SDLT) in England and Northern Ireland. The levels will return to those that were in place prior to the stamp duty holiday.

From October the first, home buyers will have to pay stamp duty (SDLT) in England and Northern Ireland. The levels will return to those that were in place prior to the stamp duty holiday.

In case you aren’t familiar with Stamp duty, it is a tax paid by the buyer of a property calculated by using a percentage of the purchase price of a property – the current thresholds are as follows:

To calculate what you would be liable to pay on a purchase – check out the government stamp duty calculator.

https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/intro

First time buyers do receive discounts – whereby they pay less or no tax if they fit the following criteria:

· All proprietors are first time buyers

· The purchase price falls under 500,000

There are buyers waiting for properties to come to the market so please get in touch if you have a property you may be looking to sell.

Give us a call on 01772 615550 or pop us an email on This email address is being protected from spambots. You need JavaScript enabled to view it.