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Gresham House Strategic

Will the stamp duty holiday be extended?

Well, the stamp duty holiday has certainly worked. The government launched the tax break as part of its “Plan for Jobs” in July and by September reported a 20% increase in property transactions as well as reporting that 33% of homeowners wanted to spend the savings on home improvements, further boosting businesses and jobs.

OK, that 20% increase could have been post-lockdown pent up demand. And yes, most homeowners spend money improving their new homes anyway. But you can’t argue that the stamp duty holiday has stimulated the housing market.

In February 2015, ULS Technology plc (LON:ULS) took a 35% share in HomeOwners Alliance, a website offering information and services to UK homeowners and prospective homeowners. Gresham House Strategic PLC (LON:GHS) has a 6.56% stake in ULS Technology.