Sunak mulls six-week extension to stamp duty holiday

Chancellor Rishi Sunak is reportedly considering a six-week extension to the stamp duty holiday. The current tax cut is due to end on March 31 but many campaigners and industry insiders have called for the holiday to be extended in light of the latest lockdown and the extended furlough scheme. Mr Sunak is said to be considering the extension to stop buyers from falling into the “completion trap”. A six-week extension would see the deadline moved to mid-May, giving concerned buyers more time to complete sales and alleviate the risk of transactions falling through.

Daily Express (16/02/2021)