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Stamp duty holiday 'to be extended' as Rishi Sunak considers moving deadline to June

Rishi Sunak Ireland reports economy Bill Stamp
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The Chancellor is reportedly planning to extend the stamp duty holiday by another three months in a boost to buyers. The Treasury announced last year that it would temporarily raise the stamp duty threshold from £125,000 to £500,000 for property sales in England and Northern Ireland.

But many people have been left scrambling to complete their transactions with just five weeks to go until the March 31 deadline, worried that if they do not, they could be left with a £15,000 tax bill.

There have been concerns that some buyers may pull out if they do not meet the deadline. Chancellor Rishi Sunak will use his Budget next week to move the deadline to the end of June, reports The Times.

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