If you are thinking of buying a property, now is still a great time. Although the stamp duty holiday has changed from 1 July 2021, the threshold is £250k for primary residences until the holiday ends on 30th September 2021.
When you buy a residential property in England and Northern Ireland over a certain price you have to pay Stamp Duty Land Tax (SDLT).
Stamp Duty Land Tax (SDLT) or 'stamp duty' is a tax on properties bought in England and Northern Ireland. The rate of stamp duty you'll pay will depend on where in the UK you decide to buy the property. England and Northern Ireland share the same rates, whilst Scotland and Wales differ. The cost of stamp duty will vary depending on the price of your chosen property and your reason for buying it.