BLM Property Partner Peter Klim on The Chancellor's Summer Statement
BLM Property Partner Peter Klim on The Chancellor's Summer Statement:
“I welcome The Chancellor’s Summer Statement with its Stamp Duty nil rate band threshold uplift from £125k to £500k that takes effect today right through until 31 March 2021! Essentially it will mean that the property sector will receive that much needed boost after months of stagnation due the pandemic.
On the house-buying side specifically, I think as we all learn to live alongside the Coronavirus we recognise the importance of having a roof over our heads and so these new measures will go some way towards kick-starting that much needed consumer confidence by providing financial relief at this most uncertain of times….”