Budget 2021 - Conveyancing Association comment on stamp duty extension

Paul Smee, Non-Executive Chair of the Conveyancing Association, said:

“The Chancellor has recognised the economic boost which an active housing market gives to the wider economy and we are pleased he is not bringing the support of stamp duty relief to an abrupt conclusion at the end of March. A tapered reduction to the relief which we have long advocated will help avoid cliff edges in October. The conveyancing sector does however faces real challenges in meeting the likely volumes of transactions over the next few months but is ready to rise to the challenge.”

Published: 03 March 2021