SDLT Relief Takes Immediate Effect in England and Northern Ireland
10th July, 2020A temporary Stamp Duty Land Tax (SDLT) relief measure has taken immediate effect in England and Northern Ireland after being announced by Chancellor Rishi Sunak in his summer economic statement. The measure has been introduced by the Government to try and bolster the property market, which has been struggling in the wake of the COVID-19 outbreak. The temporarily loosening of the rules means that those purchasing residential properties worth £500,000 or less will pay no SDLT. The SDLT payable on purchases of more expensive homes will also be reduced as a...