Following a recent announcement by the Chancellor, Stockport solicitors, SAS Daniels, explain how the stamp duty relief announced could affect the purchase of your next property.
On 8th July, Chancellor Rishi Sunak announced a temporary stamp duty holiday for those buying a new home under the value of £500,000, as well as a reduced rate of payment for those purchasing investment properties or second homes.
Associate solicitor in SAS Daniels’ residential conveyancing team, Jo Unwin, explains in a short video the fundamentals of the new stamp duty relief and how it may affect you.
Stamp duty relief formed part of a range of measures announced by Rishi Sunak on the 8th July, including a temporary reduction in VAT for the hospitality sector and investment in youth unemployment.
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