Stamp duty holiday extension - a new cliff edge?
Beware the extension to the SDLT holiday in today’s Budget - the cliff edge remains
The March 2021 Budget announcement of the continuation of the stamp duty land tax holiday was a welcome, if much trailed measure.
However, the Chancellor’s promise to prevent a cliff edge at the end of the holiday looks unlikely to come true in the real world.
After 30 June 2021 until 30 September 2021, the SDLT saving from the holiday will reduce from £15,000 to just £2,500 (on a property costing £500,000 or more).
With our crystal ball, we think that most people will therefore still be pushing for completion of their property purchases before the end of June cut-off.
About the author
Linda Adelson is Rosetta Tax’s resident VAT expert, who has specialised in all aspects of VAT and indirect tax for over 25 years. One of just a handful of VAT solicitors in the UK, Linda is ranked by the Legal 500 as a Leading Individual for the depth of expertise in her field.
Find out more about Linda and our VAT advice and consultancy services for businesses.
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