Tag Archives: summer statement

Stamp Duty Land Tax – temporary reduced rates

Stamp Duty

Stamp duty land tax (SDLT) costs have been reduced following the Government announcement in the Summer Statement. There is a temporary reduction in SDLT rates for residential completions that take place between 8 July 2020 and 31 March 2021, raising the nil rate threshold to £500,000 from £125,000. The reduction […]

What are the tax implications of the July 2020 Summer Statement for homeowners?

homeowner tax

If home is where the heart is, homeowners are consistently at the heart of any Budget and last week’s Summer Statement proved no exception.   Prior to the Chancellor Rishi Sunak’s announcement last week there were whispers of a Stamp Duty Land Tax (SDLT) slash to be introduced from Autumn […]