Sunak Set To Announce Stamp Duty Holiday In Bid To Revive Housing Market

As part of a raft of measures aimed at getting the UK economy back on its feet, Chancellor of the Exchequer, Rishi Sunak, will reportedly reveal plans during his summer statement to increase the Stamp Duty threshold. At present, the threshold is set at £125k, but this could rise to as much as £500k according to reports. The new threshold is designed to make it more financially realistic for first-time-buyers to get onto the property ladder. However, despite the Prime Minister repeatedly stating that he wishes to overhaul the "huge problem" of stamp duty, the new threshold is believed to only be temporary. Read more on the Property Reporter website.

https://www.propertyreporter.co.uk/finance/sunak-set-to-announce-stamp-duty-holiday-in-bid-to-revive-housing-market.html