Rishi Set To Extend Stamp Duty Holiday

The Chancellor is poised to extend the stamp duty holiday until summer in next week’s Budget, it emerged yesterday.

- Macer Hall

Rishi Sunak’s suspension of the levy for house purchases on properties worth up to £500,000 was due to expire at the end of the month.

But reports from Whitehall suggest he will now extend the measure for a further three months.

This will be in line with other support for the economy due to be unveiled in his keynote financial address.

Experts forecast that around 300,000 sales could escape the charge thanks to the extension.

Treasury officials refused to comment on reports of the change yesterday.

The Prime Minister’s spokesman said: “We are not going to be commenting on what may or may not be in the Chancellor’s Budget next week.”