Salford Property News
SDLT receipts tumble
Just over £6 billion was collected by the Treasury in England in SDLT property tax in 2020. This is £2.2 billon less than in 2019, a 27% fall.
Over 300,000 property transactions were ineligible for tax in the final 6 months of the year, the majority a result of the Stamp Duty Holiday.
The number of sales over £1 million rose by over 10%, many purchased as a main residence as the number liable for HRAD tax fell.
The extension of the SDLT holiday until the end of June, and 0% payable on properties up to £250,000 until the end of September will undoubtedly impact the government purse for 2021. Source: Dataloft, OBR
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This Blog looks at what is happening in the Salford and Eccles property market. We report on events and community news along with investment ideas and tips for those loosing to invest in the area.
Dewi Jones - Editor
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