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Stamp Duty Archive
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Autumn statement confirms end of stamp duty exemption
This week’s Autumn Statement from the Chancellor was not expected to bring much news for the housing market, but it did confirm that the relief on stamp duty for first time buyers would come to an end in March next year. Stamp duty is normally paid on any property purchase above £125,000 but in 2010, a [...] -
New deals on offer for struggling first time buyers
Figures released by the Council of Mortgage Lenders (CML) this week showed that first time buyers’ share of the mortgage market fell in July to its lowest level for 3 years. The number of mortgages taken out by First Time Buyers in July stood at 19,400 – down from 19,700 in June and from 20,100 [...] -
“Tough but fair” budget aims to balance Britain’s books
In his first budget, the Chancellor, George Osborne, today unveiled a wide range of spending cuts and tax rises aimed at fixing Britain’s deficit within the next five years. The main headlines in what the Chancellor called a “progressive” and “unavoidable” budget include a rise in VAT from 17.5 per cent to 20 per cent [...]
