Breaking News – Update on Stamp Duty Debate in Parliament

A one-minute news special.

Breaking News – Update on Stamp Duty Debate in Parliament
They rarely agree about anything, but MPs from different parties were singing from the same hymn sheet during this afternoon’s virtual House of Commons debate around extending the Stamp Duty holiday.
The debate was triggered by an online public petition that wants to see a six-month extension to the existing deadline of 31 March.

And nearly every MP who spoke during the 70-minute discussion favoured adding at least a further six months or staggering the deadline so that more people can benefit from the tax break.

How has today’s debate impacted sellers and buyers in Wembley?

To be honest, nothing has changed, but the pressure is building on the treasury to act, mainly because the property market generates enormous tax income and millions of pounds worth of home sales are in the balance.

We’re now all playing a game of wait and see until Wednesday 3 March when Chancellor Rishi Sunak will reveal the Government’s decision.

If you have any questions about the Stamp Duty holiday and what it means to your moving plans, contact us on abigailgrey@greyandco.co.uk or 020 8903 3909

Abigail & the team at Grey & Co.

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Meet Abigail

  Hello, my name is Abigail, and I am the Grey in Grey & Co. I started working here in 2002 as a Junior Negotiator and have worked my way up the ranks since then. I took over running the company in 2014 and have been enjoying the roller coaster that is leadership ever since.   During my 20 plus years at Grey & Co I have dealt with the sale of over £100,000,000 worth of property and overseen the management of assets worth £250,000,000 for clients around the world.   I also had the pleasure of working with my father, the founder of Grey & Co, for 15 years before he sadly passed away and from him, I learnt the work hard ethic and our values today are still the ones that he founded the company on all those years ago.   Be Remarkable, Be Passionate, Be Humble and Be Better.   As a community centric boutique family agency, you couldn’t find a better partner to take with you on your property journey.

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