Daily Express

Stamp duty cut boosts house sales

- Business · United Kingdom · HM Revenue and Customs · England · Northern Ireland · Ireland · Scotland

HOUSE sales in­creased by 15.6 per cent month- on- month in Au­gust across the UK – but trans­ac­tions were still down by 16.3 per cent com­pared with the same month in 2019, fig­ures show.

HM Rev­enue and Cus­toms said about 81,280 sales took place in

Au­gust. In July, the thresh­old for stamp duty in Eng­land and North­ern Ire­land was raised to £ 500,000, with cuts also brought in in Scot­land and Wales. The re­port said: “It’s likely early im­pacts have been cap­tured within pro­vi­sional Au­gust 2020 trans­ac­tions statis­tics.”

Newspapers in English

Newspapers from UK