Financial advisers divided on stamp duty extension

Financial advisers disagree on how long the stamp duty holiday extension should last, research from general insurance specialist Paymentshield has found.

Some 45% of advisers would prefer a 9-month extension over a 3-month extension (43%), only 5% hope for an end to stamp duty relief end on 31st March, and 6% favour a transition or run-off.

Ahead of today’s Budget announcement, 95% of financial advisers believe a further extension on the stamp duty holiday till the end of June will help the property market.

When asked about the overall impact of the holiday, 73% of advisers agreed its introduction had a positive effect on their business with 26% stating it had no change.