Employer must honour settlement agreement despite breach
An employer must honour payments set out in a settlement agreement with an employee even though he breached a confidentiality clause. By Claire Davies Director...
An employer must honour payments set out in a settlement agreement with an employee even though he breached a confidentiality clause. By Claire Davies Director...
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There has been a large increase in house sales following the introduction of the Stamp Duty Land Tax (SDLT) holiday.
By Sam Bulman, Conveyancer
After a 14.5% rise in July, residential property transactions in August rose a further 15.6% as more people decided to buy a new home. The increase came after Chancellor Rishi Sunak announced a stamp duty holiday for residential properties worth up to £500,000, effective from 8th July 2020 until 31st March 2021.
The holiday means nine out of ten people getting on or moving up the property ladder will pay no SDLT at all. This measure delivers an average saving of £4,500.
Mr Sunak said: “This isn’t just about the housing market. Owners doing up their homes to sell and buyers reinvesting stamp duty savings to make their new house feel like a home are also firing up local businesses, supporting, creating and protecting jobs across the country.”
Figures from the Building Societies Association show that there has been a marked uplift in the number of people who say that now is a good time to buy a property – 37% in September compared to 25% in June, whilst figures from Checkatrade show that:
Private housing output grew by about 30% in July compared to June, the single largest contributor to the monthly growth in construction output that month.
If you would like advice about the legal aspects of buying or selling a home please contact Sam on 01228 585250
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A host of lovely events from Booths at various Booths shops across the North West.