Category
Property tax
Published
27/07/2021
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Property tax

Stamp duty holiday extension taper now in effect

James Poyser
CEO

On 1st July, the Chancellor's Stamp Duty holiday changed from the full amount to the taped extension.

What is the Stamp Duty holiday?

The stamp duty holiday was introduced by the Chancellor to help boost the property market during the pandemic.

Up until 30 June 2021, the stamp duty holiday applied to the first £500k of a property’s purchase price. This rate has now ended and a tapered extension is in effect, applying to the first £250k of the purchase price.

How does it affect property investors?

Landlords are able to take advantage of the stamp duty holiday, although they still need to pay the 3% surcharge on regular stamp duty rates.

Property priceStandard Stamp Duty rateBuy-to-let Stamp Duty rate
£0 to £250,0000%3%
£250,001 to £925,0005%8%
£925,001 to £1.5m10%13%
£1.5m+12%15%

When does the Stamp Duty holiday end?

The extension ends on 30 September 2021 when stamp duty rates revert back to pre-holiday thresholds.

Stamp Duty Buy-to-Let Rates

View rates

Stamp Duty Guide

For more information on stamp duty for property investors, check out our expert guide.

Learn about stamp duty
James Poyser
CEO

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