The government said it does not plan to extend the temporary relief offered to house buyers via the stamp duty holiday.
More than 22,000 people signed a petition calling for the stamp duty holiday to be extended for six months after 31 March 2021.
The petition stated: “Extending the stamp duty holiday for an additional six-months will assist many buyers who are looking to move to a property that they will not be able to afford otherwise. This will help to stabilise the housing market.”
As it received over 10,000 signatures, the government was required to respond.
The Treasury said the stamp duty 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”, it stated.
For the full article https://www.yourmoney.com/mortgages/no-plan-to-extend-stamp-duty-holiday-government-confirms/#
The post No plan to extend stamp duty holiday, government confirms appeared first on The Mortgage Bureau.
https://www.themortgagebureau.co.uk/stamp-duty/no-plan-to-extend-stamp-duty-holiday-government-confirms/
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