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The stamp duty holiday has been one of the most high-profile economic interventions the Government has made since the coronavirus pandemic hit the UK.

Last July the Chancellor Rishi Sunak raised the threshold at which property buyers must start paying the tax from £125,000 to £500,000 in England and Northern Ireland, in a bid to stimulate the housing market which came to a halt during the first national lockdown.

It meant savings of up to £15,000 were possible – but property transactions must be completed by March 31, 2021, in order to avoid a bill.

Chesterfield property expert reveals impact of stamp duty holiday on housing market – and whether buyers can still make the big tax saving now