News | Legal News

03 March 2021

Budget 2021: Family summary

In today’s budget, the Government made several encouraging announcements that will directly impact our family clients.

Firstly, the Government recognised the impact the COVID-19 pandemic has had on relationships and more specifically those facing domestic abuse. In response to this, on top of current £125m already invested to help victims of abuse, a further £19m will be injected to help reduce the re-offending rates.  

The Government will also be piloting a network of respite rooms to provide specialist support for the more vulnerable victims of domestic abuse.

Whilst there was no announcement made about a wealth tax for properties over a certain value, the Government extended the current £500,000 stamp duty holiday to 30 June 2021 which will then be lowered to £250,000 until September 2021 and will return to the previous stamp duty rates the following month. This means that separating couples could each benefit from lower stamp duty and so a good incentive to finalise financial arrangements sooner rather than later.

For any further information or advice please contact our family law team on 01753 889995 or email

Sue Andrews

Sue Andrews

Tel: 01753 279046

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