The 0% band for stamp duty in England is now reduced to £250,000 from 1 July 2021 for those buying their main home. Second home buyers and buy-to-let purchases will incur a 3% rate on properties up to £250,000.
The stamp duty holiday was introduced in July 2020 to help support the housing market during the Coronavirus pandemic. This holiday removed stamp duty land tax on properties up to £500,000 excluding second homes and buy-to-let. The stamp duty holiday was set to end on 31 March 2021 and was then extended while England and Northern Ireland remain in varying states of lockdown.
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