BREAKING NEWS: SDLT Holiday to be Extended
The Times newspaper has this evening reported that Chancellor Rishi Sunak plans to announce a 3 month extension to the Stamp Duty Land Tax holiday in the Budget on 3rd March
Currently due to finish on the 31st March, the 3 month extension would bring the end of the SDLT holiday in line with the proposed roadmap for the end of social distancing in England and Wales at the end of June.
Data from TwentyCi suggests that the 3 month extension would benefit over 193,000 property sales currently set to miss out on SDLT savings, at a cost of £1 billion to the Treasury.
More to follow