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Stamp duty rates are due to return to the levels which were in place prior to 8th July, 2020 as from the 1st October 2021.
We advise all our clients purchasing residential property in England and Wales to budget for paying Stamp Duty Land Tax (SDLT) at the standard rates, in the event that a purchase does not complete on or before 30th September 2021. We are unable to accept responsibility for any SDLT which may be due in respect of your property purchase in the event that completion takes place after this date.
You can check the rates using the HMRC website https://www.gov.uk/stamp-duty-land-tax
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.