Samuel Leeds
@samuelleeds·600K subscribers·3.6K videos
Stamp Duty Holiday - Breaking News Post COVID 19
Posted
July 7, 2020
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9,215
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July 7, 2020
9,215
84
0.91%
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STAMP duty land tax (SDLT) is a lump sum payment anyone buying a property or piece of land over a certain price has to pay.
The Stamp duty holiday could make 88pc of English property transactions tax-free. But when will the stamp duty holiday happen? It is likely to be announced on Wednesday in the chancellor's summer statement. The increase will probably be temporary, though, perhaps lasting six months, which the government feels is long enough to help revive the flagging property market.
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