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Press release
17 Nov 2022
|
London, GB
Relief for homebuyers as Stamp Duty relief announced in emergency Budget remains until March 2025
Tom Evennett, EY UK&I Family Enterprise Leader, comments on the decision to retain SDLT relief:
“With the housing market facing significant headwinds as a result of volatile economic conditions and rising interest rates, there was some welcome relief for would be purchasers. The Chancellor announced that the Stamp Duty Land Tax (SDLT) reliefs - that were announced as part as part of the Growth Plan 2022 - will be retained but will come to an end on 31 March 2025. This includes for all purchases the point at which SDLT is payable on property acquisitions remains at £250,000, up from £125,000.”
“With the housing market facing significant headwinds as a result of volatile economic conditions and rising interest rates, there was some welcome relief for would be purchasers. The Chancellor announced that the Stamp Duty Land Tax (SDLT) reliefs - that were announced as part as part of the Growth Plan 2022 - will be retained but will come to an end on 31 March 2025. This includes for all purchases the point at which SDLT is payable on property acquisitions remains at £250,000, up from £125,000.”
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