News

Tapered stamp duty to end

No doubt all conveyancers are aware, but it is worth a reminder for anyone working in property. The stamp duty holiday came to an end on 30 June 2021 with a tapered rate in place until the end of September. As with the June deadline, it will be imperative to manage expectations around completion and whether this will be possible before the end of the month. This only affects residential purchases up to £250,000, but if it is a second home, the stamp duty surcharge of 3% still applies.

Conveyancers should ensure all documentation is updated ready for 1 October 2021 when rates return to the following staggered rates:

Up to £125,000 - stamp duty: zero

£125,001 to £250,000 - stamp duty: 2%

£250,001 to £925,000 - stamp duty: 5%

£925,001 to £1.5 million - stamp duty: 10%

Above £1.5 million- stamp duty: 12%

Posted on 09/16/2021 by Ortolan

Get in Touch

If you would like to know more about Ortolan Legal and how we can help you reduce your ongoing recruitment costs, get in touch!

Email us now

   Or call 020 3743 0600

I have worked with Ortolan Legal since 2010 and used their services extensively. They have provided corporate and commercial legal advice and we have also drawn on their capability in the areas of employment law, dispute resolution and property law. What makes them so different is their ability consistently to deliver commercially focussed and high quality advice at a price point which simply cannot be matched by other law firms. They aim to strip out unnecessary overhead costs, concentrate on the quality of their core service and pass on these cost savings to their clients. It works.

Charlie Blackburn, Entrepreneur and co-founder of Brighttalk
See All

Meet the Team

  • Nick Benson Nick Benson I qualified as a commercial and corporate solicitor…
  • Liz Delgado Liz Delgado I qualified as a solicitor in 1995 after studying…
  • Carrie Beaumont Carrie Beaumont I qualified as an Employment specialist in 2008. I…