This week the UK government announced a Stamp Duty Holiday!

HOORAY! 🙂

This SDLT change is HUGE news for UK Investment Property, but there are some things Landlords & Property Business owners need to know

WITH IMMEDIATE EFFECT there is a “Stamp Duty Holiday” on ALL residential purchases with a value up to £500,000… until the 31st March… 2021

So for first time buyers, ANY residential purchase… up to £500,000… will have ZERO Stamp Duty applied to the sale and Stamp duty ONLY kicks in ABOVE this figure

However… for anyone purchasing a SECOND residential property… which OBVIOUSLY includes Landlords and Property Investors… the additional 3% Stamp Duty WILL… SADLY… still apply

So the government are OBVIOUSLY doing this to stimulate the market because they’re worried about a potential crash… and this SDLT change will CERTAINLY help… to either DELAY… or REDUCE… any slump in the market

But what does this change REALLY MEAN for property investors?

I hope you find this video on the Stamp Duty Holiday helpful
Here’s to your success… Tony Law | Your First Four Houses