Levenshulme and Burnage Property News
Stamp Duty and tax relief boosted sales
Tom Simper
Feb 11, 2022, 12:30 PM
44% of home buyers in England were eligible for a Stamp Duty Land Tax (SDLT) holiday (or claimed relief) in 2021, totalling 566,700 sales.
Those qualifying in the 5 years preceeding 2020 averaged just 6%. This highlights the impact this incentive has had on stimulating the housing market.
The SDLT holidays have contributed to sales volumes increasing by 43% in 2021, following six years of falls.
It is estimated over 60% of purchasers in Wales benefitted from a reduction in stamp duty taxation during the first six months of 2021 (Stats Wales). Source: Dataloft, HMRC (residential sales only)
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