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Stamp Duty Holiday Extension

Chancellor Rishi Sunak has announced in his Budget that the Stamp Duty Holiday on house purchases is to be extended for a further 3 months.

This has meant that Stamp Duty Tax has been suspended on the first £500,000 of all house sales and purchases in England and Northern Ireland since July 2020.

What does this mean for potential buyers?

The threshold for paying Stamp Duty Land Tax (SDLT) will remain at £500,000 for an extended 3 month period, until 30th June 2021.

That being said, after this date, the threshold will not immediately return to its original value of £125,000, but will be set at £250,000 until the end of September 2021.

The recently announced extension will provide much relief for property buyers across the country. It will enable many buyers in the pipeline to complete within the extended timescales without paying SDLT, or paying a reduced amount and also taking away some pressure of having to complete by the 31st March, which was the original date the exemption was to come to an end.

How can we help? 

At Elliot Mather, we have an expert Residential team who are dedicated to assisting clients locally, regionally and even nationally. Our team have a high level of expertise relating to a range of residential matters. Contact us today to find out how we can assist with your conveyancing.

How to get in contact

Our team are on hand to help you and can assist wherever you are based. Please call us for a no-obligation, initial discussion on 0330 333 2613 or email enquiries@elliotmather.co.uk  and we will call or email you back.


For further information about the recent Stamp Duty holiday extension, please follow the link:  https://www.bbc.co.uk/news/business-56268159 

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Andrew Yates

LLP Member and Head of Department

Andrew joined Elliot Mather LLP in 2000 as a Legal Executive and subsequently qualified as a Solicitor.  He has been an LLP Member since 2008 and is now head of the Residential Property Department.  

His vision, experience, knowledge and IT skills have been key to the development of the Residential Property Departments across the practice over the last 15 years.   Andrew has a wealth of experience of all types of property transactions and specialises in:-

  • Residential sales and services and purchases.
  • Rights to buy
  • Transfer of equity
  • Re-mortgage/bank security
  • Equity release
  • Deed of Easements
  • New Builds
  • Complex Legal Charges
  • Declaration of Trust
  • Property Developments
  • Complex Property Transactions.

Andrew has a friendly, no nonsense approach to work which is appreciated by clients, Estate Agents, Developers and his staff alike.

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