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💰 Stamp Duty Tax: 𝐖𝐇𝐀𝐓'𝐒 𝐂𝐇𝐀𝐍𝐆𝐈𝐍𝐆? 🤷‍♀️

🙋‍♂️ Are you one of the many buyers that are racing to complete on a home sale before the extended Stamp Duty holiday comes to an end on 30th June? 🤔

➡ You're not alone, there are 700,000 of you! 👨‍👨‍👦‍👦
➡ That's the highest number seen for a DECADE 😳
➡ It’s been almost a year since the temporary reduction of stamp duty tax rates 📅
➡ The change has meant there is no stamp duty tax to pay for First-time Buyers and home movers on purchases priced at or below £500,000 before 30th June 2021 🙅‍♂️
➡ The reduction offers buyers a potential saving of up to £15,000 💰
➡ The Stamp Duty holiday has already been extended once, from 31st March to 30th June 2021 ✔
➡ From 1st July, there will be a staggered return to previous Stamp Duty rates, with the nil-rate band lowered from £500,000 to £250,000 until the end of September 🔻
➡ From 1st October, it will return back to where we were pre-pandemic: the zero rate threshold reducing to £125,000 🛑

🙋‍♀️ Did you know? The Stamp Duty tax you’ll need to pay depends on a wide range of factors, including:

How much you pay for the property 💵
Whether you have a UK passport 🛂
When you buy ⌚
Whether you’re a First-time Buyer 🥇
It also depends on whether you’re buying a main home, a holiday home or an investment property 🏡🌴📊

🔍 Use the Government's Stamp Duty calculator to work out how much you will pay by clicking here: https://lnkd.in/dm4eFdR

🔍 See our SUPER EASY worked example here: https://lnkd.in/dUxRgVh

🤷‍♀️ Still unsure about how much SDLT to budget for? Contact us and we'll happily run through it!


#cavendishexperts #sdltholiday #sdltcalculator #propertynews #estateagents #houseexpert #housingmarket2021 Rishi Sunak Rightmove 

Cavendish Residential - Nottingham's NUMBER 1 Lettings Agency and Estate Agent

Posted 22 June 2021
by Ali Baylav Managing Director Cavendish Residential

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