Simon Nosworthy News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Moving home is regularly rated as one of the most stressful things you can do. It is also expensive.

By Monidipa Fouzder2021-03-03T11:14:00+00:00 Rishi Sunak today announced that the stamp duty land tax 'holiday' will be extended by another three months as part of measures 'to turn generation rent into generation buy'. Delivering his Budget statement in the commons this lunchtime, the chancellor of the exchequer said the stamp duty holiday will now end on 30 June instead of 31 March. To 'smooth the transition back to normal', the nil rate band will be £250,000 - double its standard level - until the end of September. The government will return to the usual level of £125,000 from 1 Octobe...

The industry has been reacting to the news that the stamp duty holiday could be extended to June in the upcoming March Budget. Some have warned against an extension, suggesting that more problems could arise and that it is delaying an inevitable ‘cliff edge’, whilst others have welcomed the news. Simon Nosworthy, head of the residential property department at Osbornes Law, explained that while the stamp duty holiday has provided a boost to the housing market, he believes that letting the holiday conclude on 31 March “would not be a bad thing.” He said: “Conveyancers like me and esta...