SAS Daniels explain stamp duty relief scheme

Cheshire law firm, SAS Daniels, explains the recent temporary changes to stamp duty, announced by the Chancellor.

On 8th July, Rishi Sunak revealed a temporary stamp duty holiday for homes under £500,000, as well as reduced rates for investment properties and second homes under the scheme in a bid to restart the property market after the coronavirus pandemic.

Associate solicitor in SAS Daniels’ residential conveyancing team, Jo Unwin, explains in a short video the fundamentals of the new stamp duty relief and how it may affect you.

Stamp duty relief formed part of a range of measures announced by Rishi Sunak on the 8th July, including a temporary reduction in VAT for the hospitality sector and investment in youth unemployment.