Just over £6 billion was collected by the Treasury in England in SDLT property tax in 2020. This is £2.2 billon less than in 2019, a 27% fall.
Over 300,000 property transactions were ineligible for tax in the final 6 months of the year, the majority a result of the Stamp Duty Holiday.
The number of sales over £1 million rose by over 10%, many purchased as a main residence (lucky them)
The extension of the SDLT holiday until the end of June, and 0% payable on properties up to £250,000 until the end of September, will undoubtedly impact the government purse for 2021.
That gives you just under sixteen weeks to potentially benefit from the SDLT saving.
Contact us today to book in a property valuation and get the ball rolling on your next move.
https://butlerresidential.co.uk/value-my-property
01480 775355
Share this with
Email
Facebook
Messenger
Twitter
Pinterest
LinkedIn
Copy this link