Posted in: Latest News, 14th July, 2020

Stamp Duty holiday for all Russell Homes buyers

Russell Homes extends government Stamp Duty Holiday to all its properties

Show home at Saltersford Gardens in Holmes Chapel
All homes at Saltersford Gardens in Holmes Chapel will be free from Stamp Duty until 31st March 2021

Announced by the chancellor last week, the government has removed Stamp Duty Land Tax (SDLT) from all property purchases below £500,000 until 31st March 2021.

This ‘holiday’ will save buyers up to £15,000 on a home worth up to the maximum £500,000.

Properties worth more than that, however, would be subject to tax on the portion above the threshold.

Now North West housebuilder Russell Homes has announced it will pay the balance, ensuring no one buying a house on their developments will pay any Stamp Duty for the duration of the government scheme.

This will save buyers of the larger four- and five-bedroom detached properties at Saltersford Gardens in Cheshire up to almost £5,000.

Combined, the government SDLT holiday and the Russell Homes contribution will save a buyer around £20,000 in tax on the stunning Kershaw property, which is on the market for £599,995.

Gill Richardson, Russell Homes sales manager, said: “The Stamp Duty Holiday is fantastic news for homebuyers, and we’re happy to extend it so that everyone can benefit when purchasing any Russell Homes property.

“Now anyone wanting to buy at Saltersford Gardens before the end of March next year will know there is no SDLT to pay on any of the properties, regardless of which one they choose. And, because all are under £600,000, the government-backed Help to Buy scheme is also available for each of those properties, helping even more people to purchase a lovely new build home.”

For more information about any Russell Homes property, the Stamp Duty Holiday or the government-backed Help to Buy scheme, contact the sales team on sales@russellhomes.co.uk

Russell Homes will pay the remaining Stamp Duty on these two incredible properties.