News

Ben Gurluk comments on the Stamp Duty holiday in the Daily Express

  • November 12, 2020
  • By Ben Gurluk, Partner

The Stamp Duty holiday came into force earlier this year and currently due to remain in effect until 31 March, 2021. But will the Stamp Duty holiday be extended?

Partner Ben Gurluk commented: “It is important for buyers and sellers to have a contingency plan in place and lawyers will need to be alert to suitable contract conditions to ensure that there are no issues as the deadline approaches.

“Any buyers or sellers will need to appoint a lawyer as soon as possible as some lawyers are turning away new business at the moment.

“The initiative has already been criticised for its failure to backdate its introduction, so it will be interesting to see if the Chancellor responds to requests from the industry.

“The Law Society is urging the UK government to act to avoid an abrupt end to the SDLT holiday.

“It is important that the market has time to clear the backlog and a chance to formulate a plan to avoid a cliff-edge which is very likely to have a detrimental effect on the market and the wider economy.”

Read the full article in the Daily Express here. This article was syndicated in The Amed Post here

Related News

Oct 30, 2023
Hunters retains Conveyancing Quality Scheme accreditation
Aug 08, 2023
James Vernor-Miles comments on the prime London property market in Tatler
Jul 20, 2023
Hunters once again recognised in Chambers HNW guide
Apr 26, 2023
Hunters’ Partners listed in prestigious index of landed estate lawyers
Apr 19, 2023
Ben Gurluk provides a step-by-step guide to extending your lease in Property Today
Mar 20, 2023
James Letchford and Samuel Isaac examine Michael Gove’s insurance commission proposals and the property sector in the FTAdviser
Feb 21, 2023
James Letchford and Samuel Isaac examine the government’s new plans to deal with disreputable landlords in Property Industry Eye
Oct 19, 2022
James Letchford discusses the UK commercial property market in PropertyEU
May 12, 2022
Scott Battram outlines the legal aspects of buying a luxury property in Kizzi’s Luxury Properties
Mar 30, 2022
Henry Hood and James Vernor-Miles share their advice with unmarried couples co-owning (or buying) property together in Tatler’s Address Book

               

© Hunters Law LLP 2024 | Privacy NoticeLegal & Regulatory | Cookies Policy | Complaints Procedure

Hunters Law LLP is authorised and regulated by the Solicitors Regulation Authority (number 657218)

>