Lucy Barber quoted in Inside Conveyancing on the SDLT holiday
She comments: “The first stage of the end of the SDLT holiday that was announced by the government last year has now come to the end which means that the majority of the SDLT saving that was provided by this holiday is no longer available. There is still a small saving that can be achieved until the end of September but it is unlikely to have as much impact on the market as has been the case to date.
The SDLT holiday has spurred on the market and deals which would have previously taken many months have been rushed through by solicitors and banks working overtime to try to help as many people as possible achieve the SDLT saving. There have been many buyers who have been lucky enough to complete on or before 30 June 2021 but there is little that buyers can do if they have missed the deadline except to try to renegotiate the purchase price with the seller. Until the end of September there is at least a small saving that can still be achieved.”
The article, entitled 'Legal firms comment on the end of the stamp duty holiday'. was published in Inside Conveyancing on June 30 2021.
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