property purchase

SDLT holiday saves homebuyers £3bn with half a million paying no tax on their purchase

As the final deadline approaches, research by the estate agent comparison site, GetAgent.co.uk , has found that just shy of 500,000 homebuyers across England are set to have saved over £3bn in stamp duty as a result of the stamp duty holiday.

GetAgent analysed every property purchase to have completed across England since 8th July 2020 when the stamp duty holiday was first introduced...

Homebuyers

Increasing the stamp duty threshold could benefit 86% permanently

The latest research by lettings and estate agent, Benham and Reeves , has highlighted how many homebuyers could benefit each year if the government were to permanently increase stamp duty tax thresholds and remove tax for purchases up to £350,000, £500,000 and £750,000.

There’s no denying that the current stamp duty holiday has helped rejuvenate homebuyer demand, with 85% of buyers...