FT Adviser - How the end of the stamp duty holiday is affecting the market
After a hard-pressed year as buyers sought to reap the benefits of the original stamp duty holiday, we now find ourselves past the halfway mark for the tapered tax break.
Buyers can save a maximum of £2,500 on stamp duty until September 30, after which the nil rate band will return to £125,000. The current tax break is considerably smaller than the previous holiday, when buyers could save up to £15,000.
Aaron Strutt, product and communications director at Trinity Financial, told FT Adviser magazine that "while the market is quieter, many clients are still finding properties they want to purchase and our brokers are still busy."