Call me back

Temporary Stamp Duty Land Tax (SDLT) England & Northern Ireland 2021

Fri 26 Mar 2021

Due to the coronavirus pandemic, the housing market was largely put on hold between 26 March 2020 and 13 May 2020, and after that period there continued to be reduced activity in the UK housing market when compared with the period before lockdown. In response to this, on 8 July 2020 the Chancellor announced a temporary increase to the amount a purchaser could pay for residential property before Stamp Duty Land Tax (SDLT) was due, from £125,000 to £500,000, for the period 8 July 2020 to 31 March 2021. Buy-to-Let investors only partially benefited from the SDLT holiday as they remained subject to the 3% SDLT Surcharge.

As it become clear to Government that their planned ‘cliff-edge’ approach to planned reintroduction of SDLT to normal levels would most likely deliver negative repercussions to the house market the Chancellor has introduced a staged withdrawal by:

  • Extending to 30 June 2021 the nil rate band of £500,000, which was due to end on 31 March 2021

  • Introducing a nil rate band of £250,000 for the period 1 July 2021 to 30 September 2021

It should be noted that:

  • The SDLT surcharge remains at 3% for BTL investors

  • Effective 01/04/2021 a new SDLT surcharge is introduced for foriegn national buying housing, this cost is in addition to the existing 3% surcharge for second home ownership.

Martin Cunningham - Sales & Auctions Director

"We’ve used several agents in the past but Paula, Kim & the team are streets ahead of the rest. Pleasant & highly efficient, nothing is a problem, landlord & tenant relationship second to none. Excellent service I’d recommend to any landlord new or old"
G Nunn (Landlord)

News Archive

July 2022

Smoke and carbon monoxide alarms compulsory from 1 October 2022

November 2021

Property Auctions Through A Lawyers Eyes

HM Land Registry FREE Property Alert Service

June 2021

Changes to Right to Rent Checks

Living Property - Gold Winners Best Estate Agent Beccles and Lowestoft 2021

May 2021

Changes in Eviction Notices

April 2021

Sense Check Your Property Sales Valuation

Case Study - Divesting Residential Buy to Let with Tenant in Situ

Landlords Is Your Property Management Agent Compliant Under Client Money Protection?

March 2021

First Time Buyer 95% Mortgage Guarantee Scheme

Temporary Stamp Duty Land Tax (SDLT) England & Northern Ireland 2021

January 2021

What's Best Market My Property First Or Find My New Home First

Home Exchange a viable alternative to the traditional move

Executors Selling Property - Private Treaty or Auction

Living Property Off-Market Sales Service

December 2020

Off Mains Drainage Regulations selling a property with a septic tank

Strategies For Divesting Residential Buy-to-Let Investment Property

Government Advice On Home Moving Under Covid Pandemic

Living Property Team Up With The Moving Hub's UK National Property Survey Services

Living Property Team up with The Moving Hub’s Conveyancing Services

Selling Property By Auction

When Is The Best Time of Year To Sell My Home

LivingProperty British Property Awards 2020 - 2021 Winners Beccles and Lowestoft

November 2020

LIVING PROPERTY HAS EXPANDED

July 2020

Electrical Regulation July 2020

Covid 19 Information


Living Property fully adheres to the Government's COVID safe working regulations at all times.

 

The safety of our customers and staff is our number one priority. Please stay Safe 


For more information please see our full details here


Covid 19 Information Hide