Stamp Duty Threshold Increased
Today, Wednesday 8th July 2020, in a very positive move, Chancellor Rishi Sunak announced a Stamp Duty Land Tax threshold increase from £125,000 to £500,000 until 31st March 2021. This is a major boost for the Property Industry over the next 9 months, meaning that houses purchased under £500,000 will not incur Stamp Duty Land Tax unless they are bought as an investment.
For First-Time buyers and many people looking for their 2nd or even 3rd home, this is very welcome news.
Please watch this short video to find out how this great news could help you with your property purchase...
Estate Agents Stourbridge Hagley Halesowen #DoingThingsDifferently #DoingThingsSafely