Submitted by John Smale on Wed, 2020-07-08 14:01
The Chancellor, Rishi Sunak has announced that with immediate effect from today until 31 March 2021, buyers will pay no Stamp Duty Land Tax (SDLT) on the first £500k when they move home.
Unveiling today’s mini-Budget, he said the changes would take effect immediately, cutting the average stamp duty bill by £4,500, with 9 out of 10 house buyers paying no stamp duty at all.
