On 3rd March, Chancellor Rishi Sunak announced a further three-month extension to the Stamp Duty holiday on the first £500,000 of property sales in England and Northern Ireland.
Residential rates on purchases from 8th July 2020 to 30th June 2021.
From 8th July, the new Stamp Duty Land Tax (SDLT) threshold of £500,000 will apply and will run until 30th June 2021. This means any buyer purchasing a primary residential property between 8th July 2020 and 30th June 2021, up to the value of £500,000 will be exempt from paying Stamp Duty.
Residential rates on purchases from 1 July 2021 to 30 September 2021
If you purchase a residential property between 1st July 2021 to 30 September 2021, you only start to pay STLT on the amount that you pay for the property above £250,000.
You can read the full details here.