STAMP DUTY HOLIDAY AND TAX RELIEF SIGNIFICANTLY BOOSTED SALES

News at Ware & Co | 13/02/2022

  • 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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