Temporary Stamp Duty Land Tax Holiday

Written By Broadway Financial Planning

In the Chancellor's Summer Statement, he announced an immediate temporary Stamp Duty Land Tax (SDLT) holiday in England and Northern Ireland until 31st March 2021 by raising the threshold above which the main rate of SDLT is payable from £125,000 to £500,000. For second homes, the 3% additional rate will continue to apply. The new rates are shown in the table below:

Slice of Residential Property Value SDLT Rate %

Up to £500,000 0

£500,001 - £925,000 5

£925,001 - £1,500,000 10

Over £1,500,000 12

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Broadway Financial Planning
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