The Stamp Duty Land Tax (Temporary Relief) Bill has been
published and was introduced to the House of Commons on Monday 13 July to
fast-track the temporary increase in the SDLT nil-rate band upper threshold to
£500,000 (and other associated changes) until 31 March 2021, as announced by
the chancellor last week. The House of Lords stages are scheduled for 17 July, with
royal assent expected to follow by 22 July, possibly on the same day as Finance
Act 2020. HMRC has published new guidance SDLT:
temporary reduced rates to accompany the legislation and which confirms
that the higher rates for additional properties will apply based on the revised
thresholds.
The Stamp Duty Land Tax (Temporary Relief) Bill has been
published and was introduced to the House of Commons on Monday 13 July to
fast-track the temporary increase in the SDLT nil-rate band upper threshold to
£500,000 (and other associated changes) until 31 March 2021, as announced by
the chancellor last week. The House of Lords stages are scheduled for 17 July, with
royal assent expected to follow by 22 July, possibly on the same day as Finance
Act 2020. HMRC has published new guidance SDLT:
temporary reduced rates to accompany the legislation and which confirms
that the higher rates for additional properties will apply based on the revised
thresholds.
