Sunak to agree three-month stamp duty extension

Budget 2020 - Rishi Sunak 11-03-20 Credit HM Treasury

Source: HM Treasury

Newspaper reports suggest chancellor to use budget to lengthen holiday on duty for properties under £500k

Rishi Sunak has decided to extend the current Stamp Duty holiday by three months until the end of June, amid concerns that the existing 31 March cut-off will see thousands of house sales collapse, according to reports.

The Times said the chancellor will use next week’s Budget to extend the tax holiday, which has exempted all buyers of houses under £500,000 from paying any duty at all since last July.

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