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Extension of Stamp Duty holiday

December 18, 2020 Marishelle Gibson

As a company we are in full support of the NAEA Propertymark (National Association of Estate Agents) in their campaign to extend the holiday on property tax.
The importance of the property industry as a whole was clearly acknowledged by the government in authorising the reopening of the property sector ahead of others.
The property market dramatically impacts on many sectors including lenders, removal companies, storage providers, plumbers, decorators, landscapers, builders, architects, surveyors, interior designers, and furniture retailers, to name but a few. The NAEA Propertymark have stated, that since the introduction of the cut to Stamp Duty/Land Transaction Tax/Land and Buildings Transaction Tax, the housing market has shown substantially increased activity and this will have been reflected in a boost to income and the economy.
To further encourage and reinforce the importance of the property market, the government instigated the campaign to #keepthecountrymoving, which we have been actively involved with. We focused our marketing on the benefits of moving to the country and to the South in particular, with its excellent commuting links combined with glorious rural life. For the enthusiasm to move to be dampened by the government would undo so much of what has been achieved under such difficult circumstances.
Therefore, we will continue in our support of the NAEA Propertymark and are hopeful that there will be some encouraging announcements early in the New Year.

Kate Porter, Head of Sales

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