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BBC: Stamp duty holiday deadline 'is making us nervous'


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8 minutes ago, MARTINX9 said:

Don't support the stamp duty holiday - but just stop this speculation and confirm whether there is an extension or not. And the media can stop these endless daily sob stories.

The thing is though, the government has confirmed that they won't extend the stamp duty holiday. 

This is government response from the often quoted petition https://petition.parliament.uk/petitions/550545

The SDLT holiday was designed to be a temporary relief to stimulate market activity and support jobs that rely on the property market. The Government does not plan to extend this temporary relief.

I don't know what else the government can say. They've said they don't plan to extend it. Granted, this isn't as strong as they won't extend it under any circumstances, but it's still pretty clear as far as political statements go. The only speculation is hope and pleading from people with skin in the property game. They won't give up until the deadline has passed and there's really no chance of extending something that's already elapsed.  

 

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21 minutes ago, sammersmith said:

The thing is though, the government has confirmed that they won't extend the stamp duty holiday. 

This is government response from the often quoted petition https://petition.parliament.uk/petitions/550545

The SDLT holiday was designed to be a temporary relief to stimulate market activity and support jobs that rely on the property market. The Government does not plan to extend this temporary relief.

I don't know what else the government can say. They've said they don't plan to extend it. Granted, this isn't as strong as they won't extend it under any circumstances, but it's still pretty clear as far as political statements go. The only speculation is hope and pleading from people with skin in the property game. They won't give up until the deadline has passed and there's really no chance of extending something that's already elapsed.  

 

Does not plan to - isn't definitely 100% won't. Furlough was definitely going to end in October - still going.

Dishy Rishi can always change his mind - he has done more u turns in the last year than Lewis Hamilton!

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Just now, MARTINX9 said:

Does not plan to - isn't definitely 100% won't. Furlough was definitely going to end in October - still going.

That is very true. I suspect the constant extending of everything has added to the belief that the stamp duty holiday will be / has to be extended. 

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The tax break in Scotland wasn’t the same as England’s - it simply saved buyers a maximum of £2000 by making all sub 250k transactions exempt. Above 250k remained the same pre-covid bandings and that’s where the higher rates kick in. 
 

Hence why a mate of mine buying a £500k place is even more eye watering. His stamp duty was £19k on a top dollar price at the peak of the market!

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