Home Buying with Dandara Ways to Move Stamp Duty Holiday

A better time to buy

Following the government’s announcement of a stamp duty holiday up to 31st March 2021, anyone buying a home in England under £500,000 won’t have any stamp duty to pay. This applies to both first time buyers and those buying their next home so your dream home could be more affordable than you thought.

 

How much could I save?

The amount you could save depends on the value of your new home.

If your home is over £500,000 you will need to pay on a sliding scale, detailed in the table:

For example:

  • If your new home is £300,000 you wouldn’t pay any stamp duty land tax, saving you £5000.
  • £400,000 you wouldn’t pay any stamp duty land tax, saving you £10,000.
  • £500,000 you wouldn’t pay any stamp duty land tax, saving you £15000.
  • £600,000 you would pay 5% stamp duty land tax on the portion from £500,001 to £600,000, costing £5,000, saving you £15,000.

With stamp duty suspended along with a range of other great schemes to help you get moving sooner, there’s never been a better time to make your move to a new Dandara home.

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