How automation can help smooth over the end of the stamp duty holiday
As the stamp duty holiday on concessionary bandings finally draws to a close on September 30 2021, many across the UK hoping to make use of the discount rush to finalise their home purchases. The surge in demand must be accompanied by automation of tasks and transactions, linked to a seamless communications system, to make the process smoother, more efficient and faster. The tax reduction has contributed to the bounce-back of the UK housing market, making purchasing a property more attainable, but as it ends transactions are expected to decrease in the short-term as some of the incentive to buy and sell is lost. The stamp duty holiday effect Since its inception in July 2020, hundreds of thousands of home movers living in the UK have benefited from the stamp duty holiday. Initially, it was capped at £500,000, then reduced to £250,000. September 30 2021 marks the final end of …