|
News Index
Next
Previous
The stamp duty relief limit doubled from £125,000 to £250,000 yesterday, meaning
nearly all first time house buyers will avoid stamp duty until at least 2012.
The measures, which are aimed exclusively at first time buyers on properties
with value of up to £250,000 will mean nine out of ten first time buyers pay no
stamp duty at all while the ceiling is in effect.
The cost is to be offset by a five per cent rise in stamp duty on property
transactions worth over £1 million.
Source:
Getting Paid
|
