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New deadline for SDLT cut

In September, the government said a cut in stamp duty land tax in England and Northern Ireland for some house buyers would be permanent.

The price at which stamp duty is paid was doubled from £125,000 to £250,000 (£425,000 for first time buyers) and discounted stamp duty for first-time buyers applied to properties up to £625,000, rather than £500,000.

The chancellor has now introduced a deadline, which will see these cuts reversed at the end of March 2025.

Probably ideal to start looking for that new home now rather than wait until March 2025. Any member of our Property Services Team will be happy to help with enquiries or assist in advising on the steps to be taken when buying or selling property.

Email us at hello@glanvilles.co.uk.

The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute, legal advice, and should not be relied upon as advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. All content was correct at the time of publishing. Legal advice should always be sought in relation to specific circumstances.

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"excellent in executing the conveyancing for me in the buying and selling of houses. Always keeping me informed of progress and effective in dealing with snags, I cannot recommend her highly enough."
Fareham
"Thank you so much for providing us with such a swift and efficient service for the second time. You have been invaluable in making the transaction of both properties as seamless as it could be. You deal with everything with such speed, it takes a lot of stress out of the process to be given such a good service through fast responses and actions."
Havant
"“I would like to say a massive thank you once again for the exemplary service, advice, help and guidance throughout another lengthy transaction…For our part, we cant thank you enough for making this transaction as painless as you did – again. Your advice and straightforward way of doing things demonstrated as previously that you do your very best for your client.”
Chichester
“Great level of service and communication. Purchase went through smoothly. Thank you to Mark Watson, Charlotte Toone and team."
Havant
“Thank you very much for your efficient handling of our sale, and your always helpful and courteous approach to us.”
Petworth