‘Property levy’ to replace stamp duty and council tax is shelved over fears it could lead to higher bills MPs were told a ‘proportional’ tax based on home values was under review in Jan Government now says there are ‘no plans’ on new form of annual property tax It comes as study found it could … Read more
MPs from both main parties have argued for the extension of the stamp duty holiday, to allow people who are already in the process of buying a home to benefit from tax savings of up to £15,000. The issue was debated in a virtual House of Commons session yesterday, which saw the majority of the … Read more
Property sales worth billions are at risk over cliff-edge when stamp duty holiday ends, MPs warn MPs have warned thousands of house sales at risk when stamp duty holiday ends Cross-party debate heard billions of pounds risked unless tax cut was extended Homebuyers now face anxious wait for Rishi Sunak’s March 3 Budget By Martin … Read more
Is Rishi Sunak set to extend the stamp duty holiday? Calls grow to keep relief after March 31 amid fears of a hit to housing recovery Chancellor Rishi Sunak is under mounting pressure to extend stamp duty cut Ducked questions on the issue as he was quizzed in the Commons this week Tory sources said … Read more
With the stamp duty holiday set to end on 31 March, some home buyers are pushing to complete their purchases in order to benefit from a tax saving of up to £15,000. The threshold for paying the tax was increased in July last year from £125,000 to £500,000 in England and Northern Ireland, in an … Read more
The stamp duty holiday’s days are numbered. Chancellor Rishi Sunak is said to have ruled out an extension to the tax break that ignited the housing market in the pandemic and saved buyers more than £3 billion. And as the clock now ticks towards the deadline on March 31, movers are being urged to put … Read more
Hope for home buyers? A 110k-strong petition forces parliament to debate a six-month extension to stamp duty holiday The tax break, which saves buyers up to £15,000, was due to end on 31 March More than 100k sign a petition calling for an extension to September This means that MPs must debate the issue in … Read more
Average asking prices for homes started to fall in the past month, as sellers look to lure in buyers before the end of the stamp duty holiday on 31 March, according to new findings. Asking prices fell by £2,887, or 0.9 per cent over the past month, property website Rightmove’s new data has revealed. The … Read more
Price of a home soars by £14k in just six months… but experts fear boom could fade away once stamp duty holiday ends Average price of a home in the UK jumped to record £252,211 at the end of 2020 Market was ‘turbocharged’ by Chancellor Rishi Sunak’s stamp duty holiday Biggest regional annual rise was … Read more
Homebuyers warned over stamp duty scams: Thousands rush to complete sales before March deadline and criminals look to take advantage Stamp duty holiday has helped encourage a mini property boom in the UK Criminals are trying to intercept funds using fake email communications They could pose as solicitors or estate agents to trick buyers into … Read more