Should the Stamp Duty Tax Holiday be Extended for the Fife Property Market? (3 min read)

Most people pay Stamp Duty when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 (£250,000 in Wales and Scotland) – a Stamp Duty Tax Holiday (although Stamp Duty was renamed in 2015 in Scotland as the Land and Buildings Transaction Tax). (more…)