Stamp Duty Land Tax: Extension to the SDLT temporary rates

It has been announced the government will extend the temporary increase to the Stamp Duty Land Tax nil rate band for residential property in England and Northern Ireland, that was due to end on 31 March 2021.

The nil rate band will continue to be £500,000 for the period 8 July 2020 to 30 June 2021.

From 1 July 2021 until 30 September 2021, the nil rate band will be £250,000.

The nil rate band will return to the standard amount of £125,000 from 1 October 2021.