Will the stamp duty holiday be extended in the 2021 Budget?

25 February 2021

The Daily Telegraph 

Chancellor Rishi Sunak is under pressure to extend the stamp duty holiday to prevent buyers being caught in a “completion trap”.

Around 88pc of home purchases in England and Northern Ireland are currently tax-free after the Chancellor raised the nil-rate tax band from £125,000 to £500,000 in July.

Sales have since boomed, but there are clear signs the market is on an increasingly shaky footing and will not be able to withstand the removal of the incentive. 

So is the stamp duty holiday being extended?

The Chancellor is expected to announce a three-month extension to the stamp duty holiday during the Budget on March 3. 

He is reportedly preparing to keep the holiday running until the end of June, three months beyond the original March 31 deadline.

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