100,000 Sales ‘Will Miss Stamp Duty Deadline'
Daily Express|January 18, 2021
Home buyers are facing tax bills they had not budgeted for – as around 100,000 house sales already agreed are set to miss the deadline for the stamp duty holiday.
Vicky Shaw
100,000 Sales ‘Will Miss Stamp Duty Deadline'

The cut-off is March 31 and property website Rightmove said it now takes just over four months on average from an offer being accepted to a sale being completed.

Which means odds are now stacked against buyers putting in an offer in the coming days to beat the deadline and save “up to £15,000”.

The stamp duty threshold for residential purchases was temporarily raised to £500,000 in July last year but will revert to £125,000 on April 1.

There are different rules for first-time buyers, who may still get discounts.

But Rightmove said a logjam of 613,000 agreed sales currently in the system includes around 100,000 that could miss out on the stamp duty saving.

This story is from the January 18, 2021 edition of Daily Express.

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This story is from the January 18, 2021 edition of Daily Express.

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