0161 873 7878 info@pjlivesey.co.uk

12

July, 2020

GREAT NEWS FOR THE HOME BUYERS

As Stamp Duty ‘Holiday’ Announced

Changes to stamp duty announced by the Government could save house buyers up to £15,000 if they move home before April 2021.

The Government announced on Wednesday July 8th that the threshold on which Stamp Duty Land Tax must be paid on property purchases has been temporarily increased from £125,000 to £500,000.

The ‘stamp duty holiday’ comes into effect immediately and remains in place until March 31st 2021.

It means significant savings for people looking to trade up the property ladder – but also helps those looking to downsize.

PJ Livesey director Craig Lynch said: “The lock-down has made people reassess their housing needs and since the re-opening of our show homes we have seen big increase in people actively looking to move.

“The stamp duty holiday will mean significant savings for buyers at all levels of the market and also help people sell their existing property to enable them to move quickly.”

Stamp duty is normally set at 2% on a property’s value between £125,000 and £250,000, 5% on £250,001 to £925,000 and 10% from £925,000 up to £1.5m.

During the ‘holiday’ on a property valued at £400,000 you will save £10,000.

On a property purchased at £800,000 stamp duty would be halved from £30,000 to £15,000.

First time buyers, previously exempt of paying tax up to £300,000 are now raised to the new threshold of £500,000.

 Great news for buyers who have already exchanged and about to complete and extra incentive for anyone thinking the time is right for a new home.

We have a number of properties on our developments that will be ready in time to meet the holiday deadline and suggest interested buyers speak to the sales teams as soon as possible.

GREEN WALK, DIDSBURY

PLOT 111 PRICED AT £389,950 – A perfect apartment on the first floor with big wide terrace, fitted wardrobes and en-suite to the main bedroom and allocated parking – Stamp Duty Saving: £9,497
PLOT 26 PRICED AT £759,950 – Magnificent five bedroom detached house offering spacious, light filled and flexible accommodation, with private driveway parking – Stamp Duty Saving: £27,997

the water garden, alderley

PLOT 53 PRICED AT £649,950 – One of the gorgeous show apartments now available with all the designer selected extras included. Two bedrooms, sumptuous bathrooms, wide open plan living and serene views over the water garden – Stamp Duty saving: £22,497

825 Didsbury

PLOT 204 PRICED AT £399,950 – A spacious two-bedroom apartment on the second floor of The Parklands with a wide balcony and lovely views – Stamp Duty saving: £9,997

Changes to stamp duty announced by the Government could save house buyers up to £15,000 if they move home before April 2021.

The Government announced on Wednesday July 8th that the threshold on which Stamp Duty Land Tax must be paid on property purchases has been temporarily increased from £125,000 to £500,000.

The ‘stamp duty holiday’ comes into effect immediately and remains in place until March 31st 2021.

It means significant savings for people looking to trade up the property ladder – but also helps those looking to downsize.

PJ Livesey director Craig Lynch said: “The lock-down has made people reassess their housing needs and since the re-opening of our show homes we have seen big increase in people actively looking to move.

“The stamp duty holiday will mean significant savings for buyers at all levels of the market and also help people sell their existing property to enable them to move quickly.”

Stamp duty is normally set at 2% on a property’s value between £125,000 and £250,000, 5% on £250,001 to £925,000 and 10% from £925,000 up to £1.5m.

During the ‘holiday’ on a property valued at £400,000 you will save £10,000.

On a property purchased at £800,000 stamp duty would be halved from £30,000 to £15,000.

First time buyers, previously exempt of paying tax up to £300,000 are now raised to the new threshold of £500,000.

Great news for buyers who have already exchanged and about to complete and extra incentive for anyone thinking the time is right for a new home.

We have a number of properties on our developments that will be ready in time to meet the holiday deadline and suggest interested buyers speak to the sales teams as soon as possible.

FOR EXAMPLE:

 

GREEN WALK, DIDSBURY

PLOT 111 PRICED AT £389,950 – A perfect apartment on the first floor with big wide terrace, fitted wardrobes and en-suite to the main bedroom and allocated parking – Stamp Duty Saving: £9,497
PLOT 26 PRICED AT £759,950 – Magnificent five bedroom detached house offering spacious, light filled and flexible accommodation, with private driveway parking – Stamp Duty Saving: £27,997

the water garden, alderley

PLOT 53 PRICED AT £649,950 – One of the gorgeous show apartments now available with all the designer selected extras included. Two bedrooms, sumptuous bathrooms, wide open plan living and serene views over the water garden – Stamp Duty saving: £22,497

825 Didsbury

PLOT 204 PRICED AT £399,950 – A spacious two-bedroom apartment on the second floor of The Parklands with a wide balcony and lovely views – Stamp Duty saving: £9,997