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Stamp Duty holiday: When does Stamp Duty holiday end?

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What is the Stamp Duty Holiday?

The Stamp Duty threshold was raised in July to prevent nearly nine in 10 people from paying Stamp Duty.

Chancellor Rishi Sunak raised the threshold in a bid to encourage people to buy homes, boost the housing market, and create work for people in the industry.

Now, buyers only start to pay Stamp Duty on properties above £500,000 in England and Northern Ireland.

This has cut the average transaction down by about £4,500, and August saw the highest monthly price rise in over 16 years.

In fact, the property market is still booming.

Similar cuts have been made to the Scottish and Welsh equivalent of the tax.



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