Good News For Homebuyers - In England at Least!

In case you haven’t already heard, the Chancellor of the Exchequer has announced temporary increases to Stamp Duty Land Tax nil rate bands for residential property.

The new rules increase the nil rate band from £125,000 to £500,000 in the tables covering standard purchases and purchases where the consideration consists of or includes the net present value of the rental element for leasehold acquisitions. For purchases liable to the Higher Rates for Additional Dwellings, the 3% band is increased from £125,000 to £500,000. The measure applies to transactions that are completed or substantially performed between 8 July 2020 and 31 March 2021 inclusive.

For more info have a look a the Government Website here:

Give us a call if you'd like to know how this may affect your purchase...

7 views0 comments

01792 720510

  • LinkedIn
  • Facebook
  • Twitter
  • YouTube

Sterling Welsh is an appointed representative of New Leaf Distribution Ltd which is authorised and regulated by the financial conduct authority (FCA). Our FCA number is 680894.

Registered in England - Company number: 09455341

This website is aimed at UK Residents

Privacy Statement

Copyright, Sterling Welsh Ltd.