03 September 2008

Stamp duty threshold raised to £175,000 to help first-time UK home buyers

Buyers of homes worth up to £175,000 are exempt from stamp duty for 12 months.
Announced yesterday by the Chancellor Alistair Darling, this is part of a package of measures designed to revive the UK housing market.

The change, which comes into effect from today, raises the threshold on which 1% stamp duty is paid from its current level of £125,000.

The move will save eligible home-buyers up to £1,750 when they purchase a property, and relates only to buildings entirely for residential use.

Read more on the BBC News website.

Laurent Stadelmann
The Property Finder & Relocation Professional


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