Tag: stamp duty SDLT
September 23 2022
Kwarteng announces Stamp Duty cut effective from today
LPL, like other conveyancers around the UK, are preparing for another peak in services demand as the announcement that stamp duty land tax (SDLT) would be cut as part of Kwasi Kwarteng’s mini-budget 2022. This is a permanent cut which is effective from today, so it’s no surprise that Rightmove’s traffic soared within an hour...
March 22 2021
Buying a property during the Stamp Duty holiday
The temporary Stamp Duty holiday has been extended in an attempt to keep the property market active. In June 2020, the chancellor Rishi Sunak announced a temporary Stamp Duty holiday, cutting the rate of the tax on purchases of up to £500,000 to zero. The current rate of 0 per cent payable on the first...
