Stamp Duties: Coronavirus
(asked on 9th July 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will make an assessment of the potential merits of applying the Stamp Duty exemption retrospectively for house sales within the agreed thresholds since the start of the (a) covid-19 lockdown and (b) current financial year.
This question was answered on 14th July 2020
To boost the housing market and confidence, the Government has decided to cut Stamp Duty Land Tax (SDLT) by temporarily increasing the nil band rate of SDLT to £500,000. This applies from 8 July 2020 to 31 March 2021.
Property sales which have not yet been substantially performed will still be eligible to take advantage of the Stamp Duty Holiday.