Stamp Duty cut: How long will Stamp Duty holiday last?

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Stamp Duty cut: How long will Stamp Duty holiday last?

How long will the Stamp Duty holiday last?The solution Mr Sunak announced is a “temporary cut" and will be in effect from now until March 31, 2021.

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How long will the Stamp Duty holiday last?

The solution Mr Sunak announced is a “temporary cut” and will be in effect from now until March 31, 2021.

During this time, Stamp Duty will only be charged on properties costing £500,000 or more.

Previously it was charged on properties costing £125,000 or more, except for first-time buyers, who paid nothing up to £300,000 and then a reduced rate up to £500,000.

This will mean a massive tax cut for first-time buyers looking for a property more than £300,00 and other buyers going for anything worth more than £125,000.



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