This Week At Hodgkinson Mar 5th
Last week, the Budget was announced by Chancellor Rishi Sunak, unvailing a raft of measures designed to support the housing market. Amongst these was a new Mortgage Guarentee System for first-time buyers and an extension to the existing stamp duty holiday.
The threshold at which buyers start paying stamp duty was temporarily raised from £125,000 to £500,000, in England and Northern Ireland, last July. The deadline for this has now moved to June 30th 2021.
And to avoid a ‘cliff edge’ when this period ends, the tax-free threshold will then drop from £500,000 to £250,000 for an additional three months, bringing us up to the end of September.
The threshold for the nil rate band will fall back to its usual level of £125,000 on 1 October.
Meanwhile, over on our Twitter...
Freelance wages in January still down on a year ago despite labour shortages https://t.co/kiZT7VQYjL
— Ian Hodgkinson (@HodgkinsonBuild) February 26, 2021
D-day for VAT plan cutting cash flow across construction | Construction Enquirer News https://t.co/0mnESx8y3b
— Ian Hodgkinson (@HodgkinsonBuild) March 1, 2021
Progress at our site in #Leicester 11 #houses for @PlatformHousing @WilHodgkinson #social #affordable #construction #buildings @Poppy__PR @FixRadioUK @cliveholland @craigbigbro1 pic.twitter.com/SFhw34AQhY
— Ian Hodgkinson (@HodgkinsonBuild) March 2, 2021
Finaly, constuction is now set to begin on our new site in Northampton. We will be bringing you images and updates over the coming months!
...Also, have you seen our new white paper on the state of the Construction Industry in 2021? Its packed full of insights and analysis and best of all it's totally free! You can download it from our Homepage, just be sure to check the box above the form and its yours to download!