The temporary stamp duty land tax (SDLT) holiday will start tapering off on 1 July 2021 as the UK continues its gradual easing of COVID-19 restrictions.
Introduced by Chancellor Rishi Sunak on 8 July 2020, the SDLT holiday saw the tax-free threshold in England and Northern Ireland increase from £125,000 to £500,000.
From 1 July 2021, this threshold will reduce to £250,000, meaning no SDLT will be owed on the first £250,000 of residential property transactions completed on or before 30 September 2021.
From 1 October 2021, the SDLT threshold and rates will revert to their pre-pandemic levels.
Here is a detailed breakdown of the thresholds and rates in England and Northern Ireland:
| Residential property price | 8 July 2020 to 30 June 2021 | 1 July 2021 to 30 September 2021 | On or after 1 October 2021 |
| £0-£125,000 | 0% | 0% | 0% |
| £125,001-£250,000 | 0% | 0% | 2% |
| £250,001-£500,000 | 0% | 5% | 5% |
| £500,001-£925,000 | 5% | 5% | 5% |
| £925,001-£1.5m | 10% | 10% | 10% |
| More than £1.5m | 12% | 12% | 12% |
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