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WILL STAMP DUTY HOLIDAY BE EXTENDED UNTIL JUNE?

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Rishi Sunak is considering extending the stamp duty holiday until the end of June to boost the housing market, it has been reported.

Last July the Chancellor exempted most buyers from the levy if they completed sales before March31st, 2021 - saving them up to £15,000.

Now he is preparing to use next week's Budget to extend the holiday by another three months, The Times said.

The policy covers the sale of property worth up to £500,000 and would cost around £1 billion to implement. It comes amid concerns that not extending the holiday would create a cliff edge, jeopardising hundreds of thousands of sales.

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