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Will Stamp Duty holiday be extended? Short extension will only postpone ‘stark cliff-edge’

“We’d urge the Government to adopt a tapered approach to ending the Stamp Duty holiday to support the estimated 100,000 property purchases currently underway.”

A Stamp Duty holiday extension targeted at people who could narrowly miss the deadline could also be implemented.

John Szepietowski from Audley Chaucer Solicitors told “There have been rumours of a six-week extension to the Holiday in the Budget.

“However, this will not solve the same issues regarding demand and a rush to complete.

“A better approach would be an extension only applied to the properties currently in the process of sale.

“This would allow those who otherwise would have just missed out the opportunity to take advantage, while also preparing the market for the end of the rate cut.”

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