• David Tarry MBA

The Budget

Rishi Sunak confirmed the extension of the tax holiday until the end of June and until then, the stamp duty holiday will continue to apply to the first £500,000 of a home’s purchase price.

It will then taper off, applying to the first £250,000 until the end of September, before returning to £125,000 at the beginning of October.

Landlords will continue to benefit from this holiday and potentially thousands of pounds in savings if they’re expanding their property portfolios in the coming months.

Property investors will still have to pay the three per cent stamp duty surcharge on second homes and buy-to-let properties.

Generally, this is great news for anyone looking to buy a property, but there's also a growing clamour for the whole stamp duty regime to be reformed in the coming months and years - we'll have to wait and see what happens.