Government goes for Growth- SDLT Threshold raised in England
The Chancellor of the Exchequer has announced today a bold range of measures, which the Government believes will stimulate economic growth in the UK. It will need some luck and the ongoing rise in interest and mortgage rates will be part of the dynamic.
The most relevant to the residential property market is the rise in the threshold at which Stamp Duty Land Tax becomes payable. As a result of the Chancellor’s statement this morning, SDLT now becomes payable on the purchase of the principal home at £250,000 and for first time buyers this threshold is now raised to £425,000.
The SDLT thresholds in respect of second homes remain unaffected by the government’s announcement today.
This change in the SDLT thresholds, is just one of a very significant number of changes to taxation that the Government is making in a determined attempt to stimulate growth, and arrest the slide into a prolonged recession. Coupled with other tax reductions, income tax at the basic level and for those in the highest brackets, and the volte face on National Insurance, the SDLT threshold rise should, in the short term at least, help to support the residential property market.
Indeed, experience suggests that any favourable SDLT measure tends to have an immediate impact on the area of the property market to which it applies. Plenty of buyers will be keen to take advantage of any relief they can get in these challenging financial times.
Christmas In The Cotswolds
In December, the Cotswolds transforms into a festive wonderland, packed with Christmas events and festivities. Glide across the ice, sip wine at an award winning vineyard, sing along to carols, watch the town lights turn on, browse late-night shopping evenings, get creative at seasonal workshops, enjoy festive storytelling with Giffords Circus, and feel the thrill of Christmas racing at Cheltenham Racecourse.
Christmas In The Cotswolds
2025’s Best Sold Properties: Reflecting on an Exceptional Year of Sales
As 2025 draws to a close, Butler Sherborn is proud to reflect on what has been an incredibly successful year across the Cotswolds property market. Despite wider economic headwinds, demand for high-quality Cotswold homes has remained resilient, with buyers continuing to prioritise location, lifestyle and long-term value.
2025’s Best Sold Properties: Reflecting on an Exceptional Year of Sales
Market Comment
Despite the understandable inertia created by the Autumn Budget, November delivered a notably strong performance for Butler Sherborn, with over £11 million of quality Cotswold properties successfully sold. Buyer motivation was high throughout the month, with one in three viewings converting to an offer - the national average is about 10 viewings per offer.
Market Comment
Our Take on The Autumn Budget
The Chancellor, Rachel Reeves, delivered Labour’s long-awaited Autumn Budget this afternoon. In recent months, speculation has been rife about significant changes to Stamp Duty Land Tax (SDLT) and even the possible abolition of Principal Private Residence Relief for Capital Gains Tax (CGT) when...
Our Take on The 2025 Budget
